REI Lense

REI Lense

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$1,832 (target)

2488 Springfield Dr, Lapeer, MI 48446

3 beds • 2 baths • 1909 sqft

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This property looks like a bad Long-Term investment with a projected -6.29% first-year return on $56,700 initial cash invested.

-6.29%

Cash On Cash

5.21%

Cap Rate

0.85

DSCR

$1,832

Rent

-$297

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,832 income − $2,129 expenses = $297 out of pocket

Income$1,832Out of Pocket$297Mortgage P&I$1,37875%Property Taxes$17810%Insurance$965%Management$18310%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,832

Total Expenses

$2,129

Mortgage P&I

75%

$1,378

Property Taxes

10%

$178

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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