REI Lense

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$1,931 (target)

760 Waterbury Rd, Highland, MI 48356

3 beds • 2 baths • 2074 sqft

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This property looks like a bad Long-Term investment with a projected -11.42% first-year return on $76,398 initial cash invested.

-11.42%

Cash On Cash

3.89%

Cap Rate

0.65

DSCR

$1,931

Rent

-$727

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,931 income − $2,658 expenses = $727 out of pocket

Income$1,931Out of Pocket$727Mortgage P&I$1,80994%Property Taxes$21611%Insurance$1307%Management$19310%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,398

Downpayment

20%

$72,760

Closing costs

1%

$3,638

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,931

Total Expenses

$2,658

Mortgage P&I

94%

$1,809

Property Taxes

11%

$216

Home Insurance

7%

$130

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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