REI Lense

REI Lense

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$2,001 (target)

213 Barcome Ave, Houghton Lake, MI 48629

3 beds • 2 baths • 1456 sqft

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This property might be a fair Long-Term investment with a projected 3.95% first-year return on $44,331 initial cash invested.

3.95%

Cash On Cash

7.9%

Cap Rate

1.22

DSCR

$2,001

Rent

$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,001 income − $1,855 expenses = $146 cash flow

Income$2,001Mortgage P&I$1,14357%Property Taxes$1317%Insurance$613%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%Cash Flow$146

Investment Breakdown

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Purchase Price

$211k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,331

Downpayment

20%

$42,220

Closing costs

1%

$2,111

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,001

Total Expenses

$1,855

Mortgage P&I

57%

$1,143

Property Taxes

7%

$131

Home Insurance

3%

$61

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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