REI Lense

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$1,922 (target)

810 E Beecher St, Adrian, MI 49221

3 beds • 2 baths • 1124 sqft

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This property could be a profitable Mid-Term investment with a projected 10.78% first-year return on $43,200 initial cash invested.

10.78%

Cash On Cash

11.07%

Cap Rate

1.72

DSCR

$1,922

Rent

$388

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$120k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,200

Downpayment

20%

$24,000

Closing costs

1%

$1,200

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$1,922

Total Expenses

$1,534

Mortgage P&I

33%

$642

Property Taxes

10%

$186

Home Insurance

3%

$52

HOA

0%

$0

Property Management

12%

$231

CapEx

4%

$77

Vacancy

3%

$58

Maintenance

4%

$77

Other

11%

$211

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