REI Lense

REI Lense

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$1,685 (target)

10304 Edgewater Trl, Holly, MI 48442

3 beds • 3 baths • 2182 sqft

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This property looks like a bad Long-Term investment with a projected -11.76% first-year return on $57,561 initial cash invested.

-11.76%

Cash On Cash

3.83%

Cap Rate

0.65

DSCR

$1,685

Rent

-$564

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,685 income − $2,249 expenses = $564 out of pocket

Income$1,685Out of Pocket$564Mortgage P&I$1,35580%Property Taxes$32920%Insurance$1076%HOA$211%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

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Purchase Price

$274k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,561

Downpayment

20%

$54,820

Closing costs

1%

$2,741

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,685

Total Expenses

$2,249

Mortgage P&I

80%

$1,355

Property Taxes

20%

$329

Home Insurance

6%

$107

HOA

1%

$21

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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