REI Lense

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$2,523 (target)

8202 Hawk Dr, Freeland, MI 48623

3 beds • 2 baths • 1288 sqft

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This property looks like a bad Mid-Term investment with a projected -3.12% first-year return on $76,149 initial cash invested.

-3.12%

Cash On Cash

5.81%

Cap Rate

0.93

DSCR

$2,523

Rent

-$198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,523 income − $2,721 expenses = $198 out of pocket

Income$2,523Out of Pocket$198Mortgage P&I$1,43857%Property Taxes$32613%Insurance$984%Management$30312%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27811%

Investment Breakdown

|

Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,149

Downpayment

20%

$55,380

Closing costs

1%

$2,769

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,523

Total Expenses

$2,721

Mortgage P&I

57%

$1,438

Property Taxes

13%

$326

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$303

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$278

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