REI Lense

REI Lense

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$2,551 (target)

124 Felch St, Ann Arbor, MI 48103

3 beds • 2 baths • 1093 sqft

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This property looks like a bad Long-Term investment with a projected -19.5% first-year return on $82,950 initial cash invested.

-19.5%

Cash On Cash

2.41%

Cap Rate

0.39

DSCR

$2,551

Rent

-$1,348

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,551 income − $3,899 expenses = $1,348 out of pocket

Income$2,551Out of Pocket$1,348Mortgage P&I$2,01479%Property Taxes$1,08342%Insurance$1385%Management$25510%CapEx$1285%Vacancy$1536%Maintenance$1285%

Investment Breakdown

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Purchase Price

$395k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,950

Downpayment

20%

$79,000

Closing costs

1%

$3,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,551

Total Expenses

$3,899

Mortgage P&I

79%

$2,014

Property Taxes

42%

$1,083

Home Insurance

5%

$138

HOA

0%

$0

Property Management

10%

$255

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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