REI Lense

REI Lense

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$2,290 (target)

300 N Mill St, Clio, MI 48420

3 beds • 3 baths • 1532 sqft

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This property looks like a bad Long-Term investment with a projected -0.97% first-year return on $55,650 initial cash invested.

-0.97%

Cash On Cash

6.54%

Cap Rate

1.05

DSCR

$2,290

Rent

-$45

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,290 income − $2,335 expenses = $45 out of pocket

Income$2,290Out of Pocket$45Mortgage P&I$1,37660%Property Taxes$27212%Insurance$934%Management$22910%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,290

Total Expenses

$2,335

Mortgage P&I

60%

$1,376

Property Taxes

12%

$272

Home Insurance

4%

$93

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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