REI Lense

REI Lense

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$2,686 (target)

31738 Pierce St, Garden City, MI 48135

3 beds • 3 baths • 1790 sqft

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This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $72,072 initial cash invested.

-12.14%

Cash On Cash

4.53%

Cap Rate

0.69

DSCR

$2,686

Rent

-$729

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,686 income − $3,415 expenses = $729 out of pocket

Income$2,686Out of Pocket$729Mortgage P&I$1,89170%Property Taxes$70526%Insurance$1215%Management$26910%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

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Purchase Price

$343k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,072

Downpayment

20%

$68,640

Closing costs

1%

$3,432

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,686

Total Expenses

$3,415

Mortgage P&I

70%

$1,891

Property Taxes

26%

$705

Home Insurance

5%

$121

HOA

0%

$0

Property Management

10%

$269

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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