REI Lense

REI Lense

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$1,464 (target)

2230 N Center Rd, Burton, MI 48509

3 beds • 2 baths • 1224 sqft

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This property looks like a bad Long-Term investment with a projected -1.03% first-year return on $35,028 initial cash invested.

-1.03%

Cash On Cash

6.6%

Cap Rate

1.05

DSCR

$1,464

Rent

-$30

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$167k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,028

Downpayment

20%

$33,360

Closing costs

1%

$1,668

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,464

Total Expenses

$1,494

Mortgage P&I

60%

$875

Property Taxes

12%

$179

Home Insurance

4%

$60

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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