REI Lense

REI Lense

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$1,627 (target)

1491 Iva St, Burton, MI 48509

3 beds • 2 baths • 1479 sqft

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This property looks like a bad Long-Term investment with a projected -12.74% first-year return on $50,379 initial cash invested.

-12.74%

Cash On Cash

4.19%

Cap Rate

0.65

DSCR

$1,627

Rent

-$535

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,627 income − $2,162 expenses = $535 out of pocket

Income$1,627Out of Pocket$535Mortgage P&I$1,29179%Property Taxes$36422%Insurance$845%Management$16310%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,627

Total Expenses

$2,162

Mortgage P&I

79%

$1,291

Property Taxes

22%

$364

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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