REI Lense

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$2,037 (target)

10435 Spring St, Fenton, MI 48430

3 beds • 2 baths • 1798 sqft

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This property looks like a bad Long-Term investment with a projected -20.33% first-year return on $103k initial cash invested.

-20.33%

Cash On Cash

2.07%

Cap Rate

0.34

DSCR

$2,037

Rent

-$1,748

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,037 income − $3,785 expenses = $1,748 out of pocket

Income$2,037Out of Pocket$1,748Mortgage P&I$2,495122%Property Taxes$49224%Insurance$22811%HOA$402%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$491k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$98,280

Closing costs

1%

$4,914

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,037

Total Expenses

$3,785

Mortgage P&I

122%

$2,495

Property Taxes

24%

$492

Home Insurance

11%

$228

HOA

2%

$40

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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