REI Lense

REI Lense

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$2,137 (target)

2054 Hardwood Dr, Davison, MI 48423

3 beds • 2 baths • 2728 sqft

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This property looks like a bad Long-Term investment with a projected -1.32% first-year return on $56,490 initial cash invested.

-1.32%

Cash On Cash

6.14%

Cap Rate

1.03

DSCR

$2,137

Rent

-$62

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,490

Downpayment

20%

$53,800

Closing costs

1%

$2,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,137

Total Expenses

$2,199

Mortgage P&I

62%

$1,332

Property Taxes

10%

$217

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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