REI Lense

REI Lense

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$2,230 (target)

316 Tamarac Dr, Davison, MI 48423

3 beds • 2 baths • 1055 sqft

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This property looks like a bad Mid-Term investment with a projected -3.99% first-year return on $65,943 initial cash invested.

-3.99%

Cash On Cash

5.76%

Cap Rate

0.89

DSCR

$2,230

Rent

-$219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,230 income − $2,449 expenses = $219 out of pocket

Income$2,230Out of Pocket$219Mortgage P&I$1,22655%Property Taxes$38517%Insurance$804%Management$26812%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%

Investment Breakdown

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Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,943

Downpayment

20%

$45,660

Closing costs

1%

$2,283

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,230

Total Expenses

$2,449

Mortgage P&I

55%

$1,226

Property Taxes

17%

$385

Home Insurance

4%

$80

HOA

0%

$0

Property Management

12%

$268

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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