REI Lense

REI Lense

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$2,720 (target)

236 W South St, Hastings, MI 49058

3 beds • 2 baths • 1260 sqft

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This property looks like a bad Mid-Term investment with a projected -2.5% first-year return on $74,742 initial cash invested.

-2.5%

Cash On Cash

6.4%

Cap Rate

0.97

DSCR

$2,720

Rent

-$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,720 income − $2,876 expenses = $156 out of pocket

Income$2,720Out of Pocket$156Mortgage P&I$1,48955%Property Taxes$36613%Insurance$964%Management$32612%CapEx$1094%Vacancy$823%Maintenance$1094%Other$29911%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,742

Downpayment

20%

$54,040

Closing costs

1%

$2,702

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,720

Total Expenses

$2,876

Mortgage P&I

55%

$1,489

Property Taxes

13%

$366

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$326

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$299

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