REI Lense

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$3,555 (target)

9501 Fish Lake Rd, Holly, MI 48442

3 beds • 2 baths • 1737 sqft

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This property looks like a bad Mid-Term investment with a projected -1.05% first-year return on $102k initial cash invested.

-1.05%

Cash On Cash

6.33%

Cap Rate

1.03

DSCR

$3,555

Rent

-$89

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,555 income − $3,644 expenses = $89 out of pocket

Income$3,555Out of Pocket$89Mortgage P&I$2,05858%Property Taxes$2377%Insurance$1404%Management$42712%CapEx$1424%Vacancy$1073%Maintenance$1424%Other$39111%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,555

Total Expenses

$3,644

Mortgage P&I

58%

$2,058

Property Taxes

7%

$237

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$427

CapEx

4%

$142

Vacancy

3%

$107

Maintenance

4%

$142

Other

11%

$391

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