REI Lense

REI Lense

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$1,928 (target)

18260 Spring Ct N, Fraser, MI 48026

3 beds • 3 baths • 1946 sqft

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This property looks like a bad Long-Term investment with a projected -13.34% first-year return on $62,979 initial cash invested.

-13.34%

Cash On Cash

3.82%

Cap Rate

0.61

DSCR

$1,928

Rent

-$700

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,928 income − $2,628 expenses = $700 out of pocket

Income$1,928Out of Pocket$700Mortgage P&I$1,55881%Property Taxes$46424%Insurance$1055%Management$19310%CapEx$965%Vacancy$1166%Maintenance$965%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,928

Total Expenses

$2,628

Mortgage P&I

81%

$1,558

Property Taxes

24%

$464

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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