REI Lense

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$2,748 (target)

2488 Springfield Dr, Lapeer, MI 48446

3 beds • 2 baths • 1909 sqft

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This property might be a fair Mid-Term investment with a projected 2.6% first-year return on $74,700 initial cash invested.

2.6%

Cash On Cash

7.33%

Cap Rate

1.2

DSCR

$2,748

Rent

$162

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,748 income − $2,586 expenses = $162 cash flow

Income$2,748Mortgage P&I$1,37850%Property Taxes$1786%Insurance$963%Management$33012%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30211%Cash Flow$162

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,700

Downpayment

20%

$54,000

Closing costs

1%

$2,700

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,748

Total Expenses

$2,586

Mortgage P&I

50%

$1,378

Property Taxes

6%

$178

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$330

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$302

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