REI Lense

REI Lense

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$2,812 (target)

285 Delta Rd, Freeland, MI 48623

3 beds • 2 baths • 2338 sqft

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This property looks like a bad Mid-Term investment with a projected -2.62% first-year return on $91,290 initial cash invested.

-2.62%

Cash On Cash

5.57%

Cap Rate

0.95

DSCR

$2,812

Rent

-$199

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,812

Total Expenses

$3,011

Mortgage P&I

61%

$1,706

Property Taxes

8%

$229

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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