REI Lense

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$2,266 (target)

9120 Whittall St NE, Rockford, MI 49341

3 beds • 3 baths • 2010 sqft

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This property looks like a bad Mid-Term investment with a projected -21.48% first-year return on $155k initial cash invested.

-21.48%

Cash On Cash

1.17%

Cap Rate

0.19

DSCR

$2,266

Rent

-$2,765

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,266 income − $5,031 expenses = $2,765 out of pocket

Income$2,266Out of Pocket$2,765Mortgage P&I$3,306146%Property Taxes$72632%Insurance$22810%Management$27212%CapEx$914%Vacancy$683%Maintenance$914%Other$24911%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,266

Total Expenses

$5,031

Mortgage P&I

146%

$3,306

Property Taxes

32%

$726

Home Insurance

10%

$228

HOA

0%

$0

Property Management

12%

$272

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$249

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