REI Lense

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$4,467 (target)

77 Richman Rd, Saint Clair, MI 48079

3 beds • 3 baths • 2269 sqft

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This property looks like a bad Mid-Term investment with a projected -7.56% first-year return on $145k initial cash invested.

-7.56%

Cash On Cash

5.06%

Cap Rate

0.78

DSCR

$4,467

Rent

-$910

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,467 income − $5,377 expenses = $910 out of pocket

Income$4,467Out of Pocket$910Mortgage P&I$3,27173%Property Taxes$3688%Insurance$2195%Management$53612%CapEx$1794%Vacancy$1343%Maintenance$1794%Other$49111%

Investment Breakdown

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Purchase Price

$602k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$145k

Downpayment

20%

$120k

Closing costs

1%

$6,024

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,467

Total Expenses

$5,377

Mortgage P&I

73%

$3,271

Property Taxes

8%

$368

Home Insurance

5%

$219

HOA

0%

$0

Property Management

12%

$536

CapEx

4%

$179

Vacancy

3%

$134

Maintenance

4%

$179

Other

11%

$491

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