REI Lense

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$2,254 (target)

2358 River Dr, Lincoln Park, MI 48146

3 beds • 2 baths • 864 sqft

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This property might be a fair Mid-Term investment with a projected 9.59% first-year return on $46,560 initial cash invested.

9.59%

Cash On Cash

10.54%

Cap Rate

1.63

DSCR

$2,254

Rent

$372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,254 income − $1,882 expenses = $372 cash flow

Income$2,254Mortgage P&I$73232%Property Taxes$33615%Insurance$482%Management$27012%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$372

Investment Breakdown

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Purchase Price

$136k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,560

Downpayment

20%

$27,200

Closing costs

1%

$1,360

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,254

Total Expenses

$1,882

Mortgage P&I

32%

$732

Property Taxes

15%

$336

Home Insurance

2%

$48

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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