REI Lense

REI Lense

$1,513 (target)

1578 McAlpine Dr, Mount Morris, MI 48458

3 beds • 2 baths • 3276 sqft

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This property might be a fair Long-Term investment with a projected 0.62% first-year return on $34,650 initial cash invested.

0.62%

Cash On Cash

7.15%

Cap Rate

1.11

DSCR

$1,513

Rent

$18

Cashflow

Cash Flow

$1,513 income − $1,495 expenses = $18 cash flow

Income$1,513P&I$88959%Taxes$15410%Insurance$584%Mgmt$15110%CapEx$765%Vacancy$916%Maint.$765%Cash Flow$18

Investment Breakdown

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Purchase Price

$165k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,650

Downpayment

20%

$33,000

Closing costs

1%

$1,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,513

Total Expenses

$1,495

Mortgage P&I

59%

$889

Property Taxes

10%

$154

Home Insurance

4%

$58

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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