REI Lense

REI Lense

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$1,549 (target)

1518 Diane Dr, Flushing, MI 48433

3 beds • 2 baths • 1232 sqft

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This property looks like a bad Long-Term investment with a projected -9.34% first-year return on $48,300 initial cash invested.

-9.34%

Cash On Cash

4.84%

Cap Rate

0.76

DSCR

$1,549

Rent

-$376

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,549 income − $1,925 expenses = $376 out of pocket

Income$1,549Out of Pocket$376Mortgage P&I$1,22779%Property Taxes$21614%Insurance$805%Management$15510%CapEx$775%Vacancy$936%Maintenance$775%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,549

Total Expenses

$1,925

Mortgage P&I

79%

$1,227

Property Taxes

14%

$216

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$77

Vacancy

6%

$93

Maintenance

5%

$77

Other

0%

$0

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