REI Lense

REI Lense

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$2,806 (target)

1077 Hadley Rd, Lapeer, MI 48446

3 beds • 3 baths • 2496 sqft

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This property might be a fair Long-Term investment with a projected 0.86% first-year return on $72,345 initial cash invested.

0.86%

Cash On Cash

6.73%

Cap Rate

1.11

DSCR

$2,806

Rent

$52

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,806 income − $2,754 expenses = $52 cash flow

Income$2,806Mortgage P&I$1,73962%Property Taxes$1656%Insurance$1214%Management$28110%CapEx$1405%Vacancy$1686%Maintenance$1405%Cash Flow$52

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,345

Downpayment

20%

$68,900

Closing costs

1%

$3,445

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,806

Total Expenses

$2,754

Mortgage P&I

62%

$1,739

Property Taxes

6%

$165

Home Insurance

4%

$121

HOA

0%

$0

Property Management

10%

$281

CapEx

5%

$140

Vacancy

6%

$168

Maintenance

5%

$140

Other

0%

$0

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