REI Lense

REI Lense

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$2,968 (target)

304 Balsam Rd, Roscommon, MI 48653

3 beds • 2 baths • 1834 sqft

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This property looks like a bad Mid-Term investment with a projected -5.21% first-year return on $111k initial cash invested.

-5.21%

Cash On Cash

4.88%

Cap Rate

0.83

DSCR

$2,968

Rent

-$484

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,960

Closing costs

1%

$4,448

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,968

Total Expenses

$3,452

Mortgage P&I

73%

$2,173

Property Taxes

4%

$113

Home Insurance

5%

$157

HOA

0%

$0

Property Management

12%

$356

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$326

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