REI Lense

REI Lense

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$1,595 (target)

14311 Harris Rd, Millington, MI 48746

3 beds • 2 baths • 1650 sqft

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This property looks like a bad Long-Term investment with a projected -11.34% first-year return on $62,979 initial cash invested.

-11.34%

Cash On Cash

3.81%

Cap Rate

0.65

DSCR

$1,595

Rent

-$595

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,595

Total Expenses

$2,190

Mortgage P&I

92%

$1,466

Property Taxes

13%

$203

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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