REI Lense

REI Lense

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$2,165 (target)

1411 Collegewood Dr, Ypsilanti, MI 48197

3 beds • 2 baths • 1965 sqft

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This property looks like a bad Long-Term investment with a projected -12.35% first-year return on $68,691 initial cash invested.

-12.35%

Cash On Cash

3.75%

Cap Rate

0.63

DSCR

$2,165

Rent

-$707

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,165 income − $2,872 expenses = $707 out of pocket

Income$2,165Out of Pocket$707Mortgage P&I$1,62175%Property Taxes$58427%Insurance$1055%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

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Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,691

Downpayment

20%

$65,420

Closing costs

1%

$3,271

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,165

Total Expenses

$2,872

Mortgage P&I

75%

$1,621

Property Taxes

27%

$584

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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