REI Lense

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$3,002 (target)

10990 Plains Hwy, Eaton Rapids, MI 48827

3 beds • 3 baths • 2296 sqft

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This property might be a fair Mid-Term investment with a projected 2.12% first-year return on $75,876 initial cash invested.

2.12%

Cash On Cash

7.49%

Cap Rate

1.17

DSCR

$3,002

Rent

$134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,002 income − $2,868 expenses = $134 cash flow

Income$3,002Mortgage P&I$1,46749%Property Taxes$2769%Insurance$1053%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%Cash Flow$134

Investment Breakdown

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Purchase Price

$276k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,876

Downpayment

20%

$55,120

Closing costs

1%

$2,756

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,002

Total Expenses

$2,868

Mortgage P&I

49%

$1,467

Property Taxes

9%

$276

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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