REI Lense

REI Lense

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$1,749 (target)

2040 Reo Ave, Lincoln Park, MI 48146

3 beds • 2 baths • 1164 sqft

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This property might be a fair Long-Term investment with a projected 0.57% first-year return on $35,658 initial cash invested.

0.57%

Cash On Cash

7.16%

Cap Rate

1.11

DSCR

$1,749

Rent

$17

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,749 income − $1,732 expenses = $17 cash flow

Income$1,749Mortgage P&I$90952%Property Taxes$30918%Insurance$603%Management$17510%CapEx$875%Vacancy$1056%Maintenance$875%Cash Flow$17

Investment Breakdown

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Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,658

Downpayment

20%

$33,960

Closing costs

1%

$1,698

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,749

Total Expenses

$1,732

Mortgage P&I

52%

$909

Property Taxes

18%

$309

Home Insurance

3%

$60

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$87

Vacancy

6%

$105

Maintenance

5%

$87

Other

0%

$0

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