REI Lense

REI Lense

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$1,983 (target)

2117 Edwin Pl, Lansing, MI 48911

3 beds • 2 baths • 1810 sqft

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This property looks like a bad Long-Term investment with a projected -7.34% first-year return on $49,539 initial cash invested.

-7.34%

Cash On Cash

5.49%

Cap Rate

0.84

DSCR

$1,983

Rent

-$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$236k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,539

Downpayment

20%

$47,180

Closing costs

1%

$2,359

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,983

Total Expenses

$2,286

Mortgage P&I

65%

$1,283

Property Taxes

20%

$404

Home Insurance

4%

$84

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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