REI Lense

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$2,864 (target)

800 Bradish St, Adrian, MI 49221

3 beds • 2 baths • 1354 sqft

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This property might be a fair Mid-Term investment with a projected 7.28% first-year return on $65,754 initial cash invested.

7.28%

Cash On Cash

9.21%

Cap Rate

1.42

DSCR

$2,864

Rent

$399

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,864 income − $2,465 expenses = $399 cash flow

Income$2,864Mortgage P&I$1,23143%Property Taxes$1776%Insurance$823%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31511%Cash Flow$399

Investment Breakdown

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Purchase Price

$227k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,754

Downpayment

20%

$45,480

Closing costs

1%

$2,274

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,864

Total Expenses

$2,465

Mortgage P&I

43%

$1,231

Property Taxes

6%

$177

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$315

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