REI Lense

REI Lense

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$6,225 (target)

1715 Marion Hills Dr, Charlevoix, MI 49720

3 beds • 3 baths • 2700 sqft

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This property looks like a bad Mid-Term investment with a projected -6.83% first-year return on $207k initial cash invested.

-6.83%

Cash On Cash

4.79%

Cap Rate

0.79

DSCR

$6,225

Rent

-$1,179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$900k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$207k

Downpayment

20%

$180k

Closing costs

1%

$9,000

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,225

Total Expenses

$7,404

Mortgage P&I

73%

$4,523

Property Taxes

7%

$424

Home Insurance

5%

$315

HOA

0%

$25

Property Management

12%

$747

CapEx

4%

$249

Vacancy

3%

$187

Maintenance

4%

$249

Other

11%

$685

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