REI Lense

REI Lense

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$1,006 (target)

1725 Fleming Rd, Lewiston, MI 49756

3 beds • 2 baths • 936 sqft

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This property looks like a bad Long-Term investment with a projected -27.16% first-year return on $105k initial cash invested.

-27.16%

Cash On Cash

1.03%

Cap Rate

0.16

DSCR

$1,006

Rent

-$2,372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,006 income − $3,378 expenses = $2,372 out of pocket

Income$1,006Out of Pocket$2,372Mortgage P&I$2,750273%Property Taxes$19219%Insurance$17517%Management$10110%CapEx$505%Vacancy$606%Maintenance$505%

Investment Breakdown

|

Purchase Price

$499k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,006

Total Expenses

$3,378

Mortgage P&I

273%

$2,750

Property Taxes

19%

$192

Home Insurance

17%

$175

HOA

0%

$0

Property Management

10%

$101

CapEx

5%

$50

Vacancy

6%

$60

Maintenance

5%

$50

Other

0%

$0

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