REI Lense

REI Lense

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$2,949 (target)

3297 Oak Grove Rd, Howell, MI 48855

3 beds • 3 baths • 1800 sqft

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This property looks like a bad Mid-Term investment with a projected -9.6% first-year return on $131k initial cash invested.

-9.6%

Cash On Cash

3.98%

Cap Rate

0.66

DSCR

$2,949

Rent

-$1,049

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$539k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,385

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,949

Total Expenses

$3,998

Mortgage P&I

92%

$2,718

Property Taxes

3%

$90

Home Insurance

6%

$188

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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