REI Lense

REI Lense

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$2,885 (target)

2160 Fresno Ln, East Lansing, MI 48823

3 beds • 3 baths • 2418 sqft

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This property looks like a bad Long-Term investment with a projected -17.52% first-year return on $112k initial cash invested.

-17.52%

Cash On Cash

2.45%

Cap Rate

0.42

DSCR

$2,885

Rent

-$1,637

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$534k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$107k

Closing costs

1%

$5,338

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,885

Total Expenses

$4,522

Mortgage P&I

89%

$2,581

Property Taxes

34%

$991

Home Insurance

7%

$201

HOA

0%

$0

Property Management

10%

$288

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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