REI Lense

REI Lense

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$2,001 (target)

10990 Plains Hwy, Eaton Rapids, MI 48827

3 beds • 3 baths • 2296 sqft

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This property looks like a bad Long-Term investment with a projected -7.61% first-year return on $57,876 initial cash invested.

-7.61%

Cash On Cash

5.22%

Cap Rate

0.82

DSCR

$2,001

Rent

-$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,001 income − $2,368 expenses = $367 out of pocket

Income$2,001Out of Pocket$367Mortgage P&I$1,46773%Property Taxes$27614%Insurance$1055%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$276k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,876

Downpayment

20%

$55,120

Closing costs

1%

$2,756

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,001

Total Expenses

$2,368

Mortgage P&I

73%

$1,467

Property Taxes

14%

$276

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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