REI Lense

REI Lense

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$2,274 (target)

2309 Wood Crk, Burton, MI 48519

3 beds • 3 baths • 2195 sqft

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This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $69,870 initial cash invested.

-2.7%

Cash On Cash

6.01%

Cap Rate

0.95

DSCR

$2,274

Rent

-$157

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

$69,870

Downpayment

20%

$49,400

Closing costs

1%

$2,470

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,274

Total Expenses

$2,431

Mortgage P&I

57%

$1,303

Property Taxes

12%

$263

Home Insurance

4%

$88

HOA

0%

$4

Property Management

12%

$273

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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