REI Lense

REI Lense

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$2,355 (target)

116 Coats Grove Rd, Hastings, MI 49058

3 beds • 2 baths • 1537 sqft

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This property looks like a bad Mid-Term investment with a projected -9.02% first-year return on $94,545 initial cash invested.

-9.02%

Cash On Cash

4.33%

Cap Rate

0.68

DSCR

$2,355

Rent

-$711

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,355 income − $3,066 expenses = $711 out of pocket

Income$2,355Out of Pocket$711Mortgage P&I$1,93282%Property Taxes$1938%Insurance$1406%Management$28312%CapEx$944%Vacancy$713%Maintenance$944%Other$25911%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,545

Downpayment

20%

$72,900

Closing costs

1%

$3,645

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,355

Total Expenses

$3,066

Mortgage P&I

82%

$1,932

Property Taxes

8%

$193

Home Insurance

6%

$140

HOA

0%

$0

Property Management

12%

$283

CapEx

4%

$94

Vacancy

3%

$71

Maintenance

4%

$94

Other

11%

$259

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