REI Lense

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$1,730 (target)

3116 Manley Dr, Lansing, MI 48910

3 beds • 2 baths • 1168 sqft

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This property looks like a bad Long-Term investment with a projected -2.41% first-year return on $39,375 initial cash invested.

-2.41%

Cash On Cash

6.55%

Cap Rate

1.01

DSCR

$1,730

Rent

-$79

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,730 income − $1,809 expenses = $79 out of pocket

Income$1,730Out of Pocket$79Mortgage P&I$1,01759%Property Taxes$27716%Insurance$664%Management$17310%CapEx$865%Vacancy$1046%Maintenance$865%

Investment Breakdown

|

Purchase Price

$188k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,375

Downpayment

20%

$37,500

Closing costs

1%

$1,875

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,730

Total Expenses

$1,809

Mortgage P&I

59%

$1,017

Property Taxes

16%

$277

Home Insurance

4%

$66

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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