REI Lense

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$1,413 (target)

90 Kingman Ave W, Battle Creek, MI 49014

3 beds • 2 baths • 1056 sqft

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This property could be a profitable Long-Term investment with a projected 10.16% first-year return on $26,208 initial cash invested.

10.16%

Cash On Cash

9.28%

Cap Rate

1.44

DSCR

$1,413

Rent

$222

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,413 income − $1,191 expenses = $222 cash flow

Income$1,413Mortgage P&I$67248%Property Taxes$1047%Insurance$473%Management$14110%CapEx$715%Vacancy$856%Maintenance$715%Cash Flow$222

Investment Breakdown

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Purchase Price

$125k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$26,208

Downpayment

20%

$24,960

Closing costs

1%

$1,248

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,413

Total Expenses

$1,191

Mortgage P&I

48%

$672

Property Taxes

7%

$104

Home Insurance

3%

$47

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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