REI Lense

REI Lense

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$2,331 (target)

3015 N M 63, Benton Harbor, MI 49022

3 beds • 2 baths • 2138 sqft

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This property might be a fair Long-Term investment with a projected 3.26% first-year return on $55,902 initial cash invested.

3.26%

Cash On Cash

7.33%

Cap Rate

1.2

DSCR

$2,331

Rent

$152

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,331 income − $2,179 expenses = $152 cash flow

Income$2,331Mortgage P&I$1,35858%Property Taxes$1205%Insurance$944%Management$23310%CapEx$1175%Vacancy$1406%Maintenance$1175%Cash Flow$152

Investment Breakdown

|

Purchase Price

$266k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,902

Downpayment

20%

$53,240

Closing costs

1%

$2,662

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,331

Total Expenses

$2,179

Mortgage P&I

58%

$1,358

Property Taxes

5%

$120

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$233

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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