REI Lense

REI Lense

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$2,151 (target)

13331 Crane Ridge Dr, Fenton, MI 48430

3 beds • 2 baths • 1560 sqft

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This property looks like a bad Long-Term investment with a projected -7.86% first-year return on $63,651 initial cash invested.

-7.86%

Cash On Cash

4.87%

Cap Rate

0.8

DSCR

$2,151

Rent

-$417

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,151 income − $2,568 expenses = $417 out of pocket

Income$2,151Out of Pocket$417Mortgage P&I$1,53972%Property Taxes$34316%Insurance$1266%Management$21510%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$303k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,651

Downpayment

20%

$60,620

Closing costs

1%

$3,031

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,151

Total Expenses

$2,568

Mortgage P&I

72%

$1,539

Property Taxes

16%

$343

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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