REI Lense

REI Lense

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$2,390 (target)

322 New Hampshire Dr, Portage, MI 49024

3 beds • 2 baths • 1796 sqft

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This property looks like a bad Mid-Term investment with a projected -1.97% first-year return on $73,650 initial cash invested.

-1.97%

Cash On Cash

6.01%

Cap Rate

0.98

DSCR

$2,390

Rent

-$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,390 income − $2,511 expenses = $121 out of pocket

Income$2,390Out of Pocket$121Mortgage P&I$1,35257%Property Taxes$25211%Insurance$934%Management$28712%CapEx$964%Vacancy$723%Maintenance$964%Other$26311%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,390

Total Expenses

$2,511

Mortgage P&I

57%

$1,352

Property Taxes

11%

$252

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$287

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$263

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