REI Lense

REI Lense

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$2,689 (target)

2309 Weber Dr, Dexter, MI 48130

3 beds • 3 baths • 2574 sqft

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This property looks like a bad Long-Term investment with a projected -15.67% first-year return on $120k initial cash invested.

-15.67%

Cash On Cash

2.95%

Cap Rate

0.5

DSCR

$2,689

Rent

-$1,564

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,689 income − $4,253 expenses = $1,564 out of pocket

Income$2,689Out of Pocket$1,564Mortgage P&I$2,834105%Property Taxes$53720%Insurance$1847%Management$26910%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

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Purchase Price

$570k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$114k

Closing costs

1%

$5,703

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,689

Total Expenses

$4,253

Mortgage P&I

105%

$2,834

Property Taxes

20%

$537

Home Insurance

7%

$184

HOA

0%

$0

Property Management

10%

$269

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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