REI Lense

REI Lense

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$1,568 (target)

3221 Sunnylane, Lansing, MI 48906

3 beds • 2 baths • 1451 sqft

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This property looks like a bad Long-Term investment with a projected -13.03% first-year return on $45,864 initial cash invested.

-13.03%

Cash On Cash

4.15%

Cap Rate

0.64

DSCR

$1,568

Rent

-$498

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,568 income − $2,066 expenses = $498 out of pocket

Income$1,568Out of Pocket$498Mortgage P&I$1,17675%Property Taxes$40926%Insurance$745%Management$15710%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,864

Downpayment

20%

$43,680

Closing costs

1%

$2,184

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,568

Total Expenses

$2,066

Mortgage P&I

75%

$1,176

Property Taxes

26%

$409

Home Insurance

5%

$74

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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