REI Lense

REI Lense

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$1,467 (target)

156 5th St, Marysville, MI 48040

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Long-Term investment with a projected -13.21% first-year return on $50,232 initial cash invested.

-13.21%

Cash On Cash

4.06%

Cap Rate

0.63

DSCR

$1,467

Rent

-$553

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,467 income − $2,020 expenses = $553 out of pocket

Income$1,467Out of Pocket$553Mortgage P&I$1,28988%Property Taxes$26418%Insurance$866%Management$14710%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$239k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,232

Downpayment

20%

$47,840

Closing costs

1%

$2,392

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,467

Total Expenses

$2,020

Mortgage P&I

88%

$1,289

Property Taxes

18%

$264

Home Insurance

6%

$86

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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