REI Lense

REI Lense

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$2,906 (target)

203 Grant St, Holly, MI 48442

3 beds • 2 baths • 1360 sqft

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This property could be a profitable Mid-Term investment with a projected 16.15% first-year return on $55,737 initial cash invested.

16.15%

Cash On Cash

12.26%

Cap Rate

1.89

DSCR

$2,906

Rent

$750

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,906 income − $2,156 expenses = $750 cash flow

Income$2,906Mortgage P&I$97033%Property Taxes$1385%Insurance$602%Management$34912%CapEx$1164%Vacancy$873%Maintenance$1164%Other$32011%Cash Flow$750

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,737

Downpayment

20%

$35,940

Closing costs

1%

$1,797

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,906

Total Expenses

$2,156

Mortgage P&I

33%

$970

Property Taxes

5%

$138

Home Insurance

2%

$60

HOA

0%

$0

Property Management

12%

$349

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$320

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