REI Lense

REI Lense

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$1,678 (target)

1109 S Genesee Dr, Lansing, MI 48915

3 beds • 2 baths • 2024 sqft

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This property looks like a bad Long-Term investment with a projected -12.51% first-year return on $54,390 initial cash invested.

-12.51%

Cash On Cash

3.68%

Cap Rate

0.62

DSCR

$1,678

Rent

-$567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,678 income − $2,245 expenses = $567 out of pocket

Income$1,678Out of Pocket$567Mortgage P&I$1,27876%Property Taxes$43926%Insurance$915%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,678

Total Expenses

$2,245

Mortgage P&I

76%

$1,278

Property Taxes

26%

$439

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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