REI Lense

REI Lense

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$1,864 (target)

268 W Shelby Rd, Shelby, MI 49455

3 beds • 2 baths • 1770 sqft

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This property looks like a bad Long-Term investment with a projected -9.77% first-year return on $73,479 initial cash invested.

-9.77%

Cash On Cash

4.13%

Cap Rate

0.7

DSCR

$1,864

Rent

-$598

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,864

Total Expenses

$2,462

Mortgage P&I

92%

$1,710

Property Taxes

8%

$146

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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