REI Lense

REI Lense

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$1,516 (target)

2309 Wood Crk, Burton, MI 48519

3 beds • 3 baths • 2195 sqft

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This property looks like a bad Long-Term investment with a projected -12.42% first-year return on $51,870 initial cash invested.

-12.42%

Cash On Cash

4.09%

Cap Rate

0.65

DSCR

$1,516

Rent

-$537

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,870

Downpayment

20%

$49,400

Closing costs

1%

$2,470

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,516

Total Expenses

$2,053

Mortgage P&I

86%

$1,303

Property Taxes

17%

$263

Home Insurance

6%

$88

HOA

0%

$4

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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