REI Lense

REI Lense

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$1,503 (target)

2358 River Dr, Lincoln Park, MI 48146

3 beds • 2 baths • 864 sqft

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This property looks like a bad Long-Term investment with a projected -0.13% first-year return on $28,560 initial cash invested.

-0.13%

Cash On Cash

7.09%

Cap Rate

1.1

DSCR

$1,503

Rent

-$3

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,503 income − $1,506 expenses = $3 out of pocket

Income$1,503Out of Pocket$3Mortgage P&I$73249%Property Taxes$33622%Insurance$483%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$136k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,560

Downpayment

20%

$27,200

Closing costs

1%

$1,360

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,503

Total Expenses

$1,506

Mortgage P&I

49%

$732

Property Taxes

22%

$336

Home Insurance

3%

$48

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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