REI Lense

REI Lense

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$2,763 (target)

314 N Logan St, Dewitt, MI 48820

3 beds • 2 baths • 1721 sqft

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This property looks like a bad Mid-Term investment with a projected -3.9% first-year return on $84,633 initial cash invested.

-3.9%

Cash On Cash

5.48%

Cap Rate

0.9

DSCR

$2,763

Rent

-$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,763 income − $3,038 expenses = $275 out of pocket

Income$2,763Out of Pocket$275Mortgage P&I$1,61458%Property Taxes$36913%Insurance$1144%Management$33212%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30411%

Investment Breakdown

|

Purchase Price

$317k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,633

Downpayment

20%

$63,460

Closing costs

1%

$3,173

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,763

Total Expenses

$3,038

Mortgage P&I

58%

$1,614

Property Taxes

13%

$369

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$332

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$304

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