REI Lense

REI Lense

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$1,775 (target)

11495 E Richfield Rd, Davison, MI 48423

3 beds • 2 baths • 1232 sqft

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This property looks like a bad Long-Term investment with a projected -3.85% first-year return on $48,279 initial cash invested.

-3.85%

Cash On Cash

6.07%

Cap Rate

0.95

DSCR

$1,775

Rent

-$155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,775 income − $1,930 expenses = $155 out of pocket

Income$1,775Out of Pocket$155Mortgage P&I$1,22969%Property Taxes$1599%Insurance$805%Management$17810%CapEx$895%Vacancy$1066%Maintenance$895%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,775

Total Expenses

$1,930

Mortgage P&I

69%

$1,229

Property Taxes

9%

$159

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$106

Maintenance

5%

$89

Other

0%

$0

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