REI Lense

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$2,671 (target)

308 Gunson St, East Lansing, MI 48823

3 beds • 2 baths • 1403 sqft

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This property looks like a bad Long-Term investment with a projected -9.2% first-year return on $65,835 initial cash invested.

-9.2%

Cash On Cash

4.61%

Cap Rate

0.76

DSCR

$2,671

Rent

-$505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,671 income − $3,176 expenses = $505 out of pocket

Income$2,671Out of Pocket$505Mortgage P&I$1,57559%Property Taxes$77529%Insurance$1315%Management$26710%CapEx$1345%Vacancy$1606%Maintenance$1345%

Investment Breakdown

|

Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,835

Downpayment

20%

$62,700

Closing costs

1%

$3,135

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,671

Total Expenses

$3,176

Mortgage P&I

59%

$1,575

Property Taxes

29%

$775

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$267

CapEx

5%

$134

Vacancy

6%

$160

Maintenance

5%

$134

Other

0%

$0

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