REI Lense

REI Lense

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$1,511 (target)

9120 Whittall St NE, Rockford, MI 49341

3 beds • 3 baths • 2010 sqft

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This property looks like a bad Long-Term investment with a projected -27.63% first-year return on $137k initial cash invested.

-27.63%

Cash On Cash

0.44%

Cap Rate

0.07

DSCR

$1,511

Rent

-$3,143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,511 income − $4,654 expenses = $3,143 out of pocket

Income$1,511Out of Pocket$3,143Mortgage P&I$3,306219%Property Taxes$72648%Insurance$22815%Management$15110%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,511

Total Expenses

$4,654

Mortgage P&I

219%

$3,306

Property Taxes

48%

$726

Home Insurance

15%

$228

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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