REI Lense

REI Lense

$1,723 (target)

13344 Wabasis Ave NE, Cedar Springs, MI 49319

3 beds • 2 baths • 1670 sqft

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This property looks like a bad Long-Term investment with a projected -16.91% first-year return on $78,687 initial cash invested.

-16.91%

Cash On Cash

3.12%

Cap Rate

0.49

DSCR

$1,723

Rent

-$1,109

Cashflow

Cash Flow

$1,723 income − $2,832 expenses = $1,109 out of pocket

Income$1,723Out ofPocket$1,109P&I$1,996116%Taxes$28416%Insurance$1056%Mgmt$17210%CapEx$865%Vacancy$1036%Maint.$865%

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,687

Downpayment

20%

$74,940

Closing costs

1%

$3,747

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,723

Total Expenses

$2,832

Mortgage P&I

116%

$1,996

Property Taxes

16%

$284

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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