REI Lense

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$3,045 (target)

8303 Old Hbr, Grand Blanc, MI 48439

3 beds • 3 baths • 2442 sqft

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This property looks like a bad Long-Term investment with a projected -8.3% first-year return on $80,997 initial cash invested.

-8.3%

Cash On Cash

5.41%

Cap Rate

0.81

DSCR

$3,045

Rent

-$560

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,045 income − $3,605 expenses = $560 out of pocket

Income$3,045Out of Pocket$560Mortgage P&I$2,14871%Property Taxes$53017%Insurance$1364%Management$30410%CapEx$1525%Vacancy$1836%Maintenance$1525%

Investment Breakdown

|

Purchase Price

$386k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,997

Downpayment

20%

$77,140

Closing costs

1%

$3,857

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,045

Total Expenses

$3,605

Mortgage P&I

71%

$2,148

Property Taxes

17%

$530

Home Insurance

4%

$136

HOA

0%

$0

Property Management

10%

$304

CapEx

5%

$152

Vacancy

6%

$183

Maintenance

5%

$152

Other

0%

$0

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