REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,932 (target)

321 Myers Rd, Lapeer, MI 48446

3 beds • 2 baths • 1492 sqft

Email

This property looks like a bad Mid-Term investment with a projected -1.03% first-year return on $89,379 initial cash invested.

-1.03%

Cash On Cash

6.14%

Cap Rate

1.02

DSCR

$2,932

Rent

-$77

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,932

Total Expenses

$3,009

Mortgage P&I

58%

$1,699

Property Taxes

7%

$194

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$323

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis