REI Lense

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$1,999 (target)

2440 Lora Dr, Benton Harbor, MI 49022

3 beds • 3 baths • 2281 sqft

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This property looks like a bad Long-Term investment with a projected -7.62% first-year return on $59,850 initial cash invested.

-7.62%

Cash On Cash

5.44%

Cap Rate

0.82

DSCR

$1,999

Rent

-$380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,999 income − $2,379 expenses = $380 out of pocket

Income$1,999Out of Pocket$380Mortgage P&I$1,57179%Property Taxes$1889%Insurance$1005%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,999

Total Expenses

$2,379

Mortgage P&I

79%

$1,571

Property Taxes

9%

$188

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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