REI Lense

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$4,234 (target)

303 Country Ln, Dewitt, MI 48820

3 beds • 3 baths • 2503 sqft

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This property might be a fair Mid-Term investment with a projected 3.99% first-year return on $91,962 initial cash invested.

3.99%

Cash On Cash

7.94%

Cap Rate

1.26

DSCR

$4,234

Rent

$306

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,234 income − $3,928 expenses = $306 cash flow

Income$4,234Mortgage P&I$1,85544%Property Taxes$50812%Insurance$1263%Management$50812%CapEx$1694%Vacancy$1273%Maintenance$1694%Other$46611%Cash Flow$306

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,962

Downpayment

20%

$70,440

Closing costs

1%

$3,522

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,234

Total Expenses

$3,928

Mortgage P&I

44%

$1,855

Property Taxes

12%

$508

Home Insurance

3%

$126

HOA

0%

$0

Property Management

12%

$508

CapEx

4%

$169

Vacancy

3%

$127

Maintenance

4%

$169

Other

11%

$466

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