REI Lense

REI Lense

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$2,367 (target)

14520 Wheaton Rd, Brooklyn, MI 49230

3 beds • 2 baths • 1727 sqft

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This property looks like a bad Long-Term investment with a projected -8.44% first-year return on $71,274 initial cash invested.

-8.44%

Cash On Cash

4.74%

Cap Rate

0.78

DSCR

$2,367

Rent

-$501

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,367 income − $2,868 expenses = $501 out of pocket

Income$2,367Out of Pocket$501Mortgage P&I$1,72373%Property Taxes$32614%Insurance$2049%Management$23710%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,274

Downpayment

20%

$67,880

Closing costs

1%

$3,394

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,367

Total Expenses

$2,868

Mortgage P&I

73%

$1,723

Property Taxes

14%

$326

Home Insurance

9%

$204

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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