REI Lense

REI Lense

$3,208 (target)

22672 Woodcreek Dr, Brownstown, MI 48134

3 beds • 2 baths • 2608 sqft

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This property might be a fair Mid-Term investment with a projected 0.49% first-year return on $86,502 initial cash invested.

0.49%

Cash On Cash

6.71%

Cap Rate

1.1

DSCR

$3,208

Rent

$35

Cashflow

Cash Flow

$3,208 income − $3,173 expenses = $35 cash flow

Income$3,208P&I$1,66152%Taxes$30610%Insurance$1164%Mgmt$38512%CapEx$1284%Vacancy$963%Maint.$1284%Other$35311%Cash Flow$35

Investment Breakdown

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Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,502

Downpayment

20%

$65,240

Closing costs

1%

$3,262

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,208

Total Expenses

$3,173

Mortgage P&I

52%

$1,661

Property Taxes

10%

$306

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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