REI Lense

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$1,525 (target)

2653 Porcupine Trl, Lapeer, MI 48446

3 beds • 2 baths • 1842 sqft

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This property looks like a bad Long-Term investment with a projected -2.91% first-year return on $40,866 initial cash invested.

-2.91%

Cash On Cash

6.26%

Cap Rate

0.98

DSCR

$1,525

Rent

-$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,525 income − $1,624 expenses = $99 out of pocket

Income$1,525Out of Pocket$99Mortgage P&I$1,03868%Property Taxes$1107%Insurance$805%Management$15210%CapEx$765%Vacancy$926%Maintenance$765%

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,866

Downpayment

20%

$38,920

Closing costs

1%

$1,946

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,525

Total Expenses

$1,624

Mortgage P&I

68%

$1,038

Property Taxes

7%

$110

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$92

Maintenance

5%

$76

Other

0%

$0

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