REI Lense

REI Lense

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$2,386 (target)

2467 N Lake George Rd, Metamora, MI 48455

3 beds • 2 baths • 2126 sqft

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This property looks like a bad Long-Term investment with a projected -4.53% first-year return on $74,193 initial cash invested.

-4.53%

Cash On Cash

5.34%

Cap Rate

0.91

DSCR

$2,386

Rent

-$280

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,193

Downpayment

20%

$70,660

Closing costs

1%

$3,533

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,386

Total Expenses

$2,666

Mortgage P&I

73%

$1,733

Property Taxes

8%

$187

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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