REI Lense

REI Lense

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$1,810 (target)

1111 Radcliff St, Garden City, MI 48135

3 beds • 2 baths • 2051 sqft

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This property looks like a bad Long-Term investment with a projected -5.52% first-year return on $46,746 initial cash invested.

-5.52%

Cash On Cash

5.77%

Cap Rate

0.9

DSCR

$1,810

Rent

-$215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,810 income − $2,025 expenses = $215 out of pocket

Income$1,810Out of Pocket$215Mortgage P&I$1,19566%Property Taxes$27415%Insurance$865%Management$18110%CapEx$905%Vacancy$1096%Maintenance$905%

Investment Breakdown

|

Purchase Price

$223k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,746

Downpayment

20%

$44,520

Closing costs

1%

$2,226

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,810

Total Expenses

$2,025

Mortgage P&I

66%

$1,195

Property Taxes

15%

$274

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$109

Maintenance

5%

$90

Other

0%

$0

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