REI Lense

REI Lense

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$2,631 (target)

239 Andover Woods Dr, Fenton, MI 48430

3 beds • 2 baths • 1605 sqft

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This property looks like a bad Long-Term investment with a projected -3.88% first-year return on $66,150 initial cash invested.

-3.88%

Cash On Cash

5.67%

Cap Rate

0.95

DSCR

$2,631

Rent

-$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,631 income − $2,845 expenses = $214 out of pocket

Income$2,631Out of Pocket$214Mortgage P&I$1,57160%Property Taxes$44917%Insurance$1104%HOA$301%Management$26310%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,631

Total Expenses

$2,845

Mortgage P&I

60%

$1,571

Property Taxes

17%

$449

Home Insurance

4%

$110

HOA

1%

$30

Property Management

10%

$263

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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