REI Lense

REI Lense

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$3,339 (target)

2903 106th Ave, Allegan, MI 49010

3 beds • 2 baths • 2632 sqft

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This property looks like a bad Mid-Term investment with a projected -4.32% first-year return on $112k initial cash invested.

-4.32%

Cash On Cash

5.14%

Cap Rate

0.88

DSCR

$3,339

Rent

-$405

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,339

Total Expenses

$3,744

Mortgage P&I

66%

$2,198

Property Taxes

8%

$252

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$367

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