REI Lense

REI Lense

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$1,660 (target)

13097 Country Club Dr, Clio, MI 48420

3 beds • 2 baths • 1732 sqft

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This property looks like a bad Long-Term investment with a projected -11.16% first-year return on $52,164 initial cash invested.

-11.16%

Cash On Cash

4.29%

Cap Rate

0.69

DSCR

$1,660

Rent

-$485

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,660 income − $2,145 expenses = $485 out of pocket

Income$1,660Out of Pocket$485Mortgage P&I$1,29078%Property Taxes$33220%Insurance$915%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$248k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,164

Downpayment

20%

$49,680

Closing costs

1%

$2,484

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,660

Total Expenses

$2,145

Mortgage P&I

78%

$1,290

Property Taxes

20%

$332

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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