REI Lense

REI Lense

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$1,952 (target)

3020 E M 79 Hwy, Hastings, MI 49058

3 beds • 2 baths • 2523 sqft

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This property looks like a bad Long-Term investment with a projected -11.59% first-year return on $75,579 initial cash invested.

-11.59%

Cash On Cash

4.12%

Cap Rate

0.66

DSCR

$1,952

Rent

-$730

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,952 income − $2,682 expenses = $730 out of pocket

Income$1,952Out of Pocket$730Mortgage P&I$1,86996%Property Taxes$1799%Insurance$1266%Management$19510%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,952

Total Expenses

$2,682

Mortgage P&I

96%

$1,869

Property Taxes

9%

$179

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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