REI Lense

REI Lense

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$2,068 (target)

2304 Wood Ridge Dr, Adrian, MI 49221

3 beds • 2 baths • 1363 sqft

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This property looks like a bad Long-Term investment with a projected -6.4% first-year return on $61,320 initial cash invested.

-6.4%

Cash On Cash

5.47%

Cap Rate

0.86

DSCR

$2,068

Rent

-$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,068 income − $2,395 expenses = $327 out of pocket

Income$2,068Out of Pocket$327Mortgage P&I$1,55475%Property Taxes$20110%Insurance$1035%Management$20710%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$292k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,320

Downpayment

20%

$58,400

Closing costs

1%

$2,920

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,068

Total Expenses

$2,395

Mortgage P&I

75%

$1,554

Property Taxes

10%

$201

Home Insurance

5%

$103

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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