REI Lense

REI Lense

$3,930 (target)

200 Vine St SE, Caledonia, MI 49316

3 beds • 2 baths • 1700 sqft

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This property might be a fair Mid-Term investment with a projected 0.54% first-year return on $96,246 initial cash invested.

0.54%

Cash On Cash

7.28%

Cap Rate

1.1

DSCR

$3,930

Rent

$43

Cashflow

Cash Flow

$3,930 income − $3,887 expenses = $43 cash flow

Income$3,930P&I$2,05952%Taxes$3599%Insurance$1333%Mgmt$47212%CapEx$1574%Vacancy$1183%Maint.$1574%Other$43211%Cash Flow$43

Investment Breakdown

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Purchase Price

$373k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,246

Downpayment

20%

$74,520

Closing costs

1%

$3,726

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,930

Total Expenses

$3,887

Mortgage P&I

52%

$2,059

Property Taxes

9%

$359

Home Insurance

3%

$133

HOA

0%

$0

Property Management

12%

$472

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$432

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