REI Lense

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$1,509 (target)

1725 Fleming Rd, Lewiston, MI 49756

3 beds • 2 baths • 936 sqft

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This property looks like a bad Mid-Term investment with a projected -20.72% first-year return on $123k initial cash invested.

-20.72%

Cash On Cash

1.66%

Cap Rate

0.25

DSCR

$1,509

Rent

-$2,120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,509 income − $3,629 expenses = $2,120 out of pocket

Income$1,509Out of Pocket$2,120Mortgage P&I$2,750182%Property Taxes$19213%Insurance$17512%Management$18112%CapEx$604%Vacancy$453%Maintenance$604%Other$16611%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,509

Total Expenses

$3,629

Mortgage P&I

182%

$2,750

Property Taxes

13%

$192

Home Insurance

12%

$175

HOA

0%

$0

Property Management

12%

$181

CapEx

4%

$60

Vacancy

3%

$45

Maintenance

4%

$60

Other

11%

$166

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