REI Lense

REI Lense

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$2,823 (target)

303 Country Ln, Dewitt, MI 48820

3 beds • 3 baths • 2503 sqft

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This property looks like a bad Long-Term investment with a projected -6.47% first-year return on $73,962 initial cash invested.

-6.47%

Cash On Cash

5.44%

Cap Rate

0.86

DSCR

$2,823

Rent

-$399

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,823 income − $3,222 expenses = $399 out of pocket

Income$2,823Out of Pocket$399Mortgage P&I$1,85566%Property Taxes$50818%Insurance$1264%Management$28210%CapEx$1415%Vacancy$1696%Maintenance$1415%

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,962

Downpayment

20%

$70,440

Closing costs

1%

$3,522

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,823

Total Expenses

$3,222

Mortgage P&I

66%

$1,855

Property Taxes

18%

$508

Home Insurance

4%

$126

HOA

0%

$0

Property Management

10%

$282

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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