REI Lense

REI Lense

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$4,150 (target)

1715 Marion Hills Dr, Charlevoix, MI 49720

3 beds • 3 baths • 2700 sqft

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This property looks like a bad Long-Term investment with a projected -14.08% first-year return on $189k initial cash invested.

-14.08%

Cash On Cash

3.35%

Cap Rate

0.56

DSCR

$4,150

Rent

-$2,217

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

$189k

Downpayment

20%

$180k

Closing costs

1%

$9,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,150

Total Expenses

$6,367

Mortgage P&I

109%

$4,523

Property Taxes

10%

$424

Home Insurance

8%

$315

HOA

1%

$25

Property Management

10%

$415

CapEx

5%

$208

Vacancy

6%

$249

Maintenance

5%

$208

Other

0%

$0

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