REI Lense

REI Lense

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$2,324 (target)

1518 Diane Dr, Flushing, MI 48433

3 beds • 2 baths • 1232 sqft

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This property might be a fair Mid-Term investment with a projected 0.18% first-year return on $66,300 initial cash invested.

0.18%

Cash On Cash

6.94%

Cap Rate

1.08

DSCR

$2,324

Rent

$10

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,324 income − $2,314 expenses = $10 cash flow

Income$2,324Mortgage P&I$1,22753%Property Taxes$2169%Insurance$803%Management$27912%CapEx$934%Vacancy$703%Maintenance$934%Other$25611%Cash Flow$10

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,324

Total Expenses

$2,314

Mortgage P&I

53%

$1,227

Property Taxes

9%

$216

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$279

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$256

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