REI Lense

REI Lense

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$1,451 (target)

3336 E North Union Rd, Bay City, MI 48706

3 beds • 2 baths • 1420 sqft

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This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $70,350 initial cash invested.

-16.73%

Cash On Cash

2.83%

Cap Rate

0.47

DSCR

$1,451

Rent

-$981

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,451 income − $2,432 expenses = $981 out of pocket

Income$1,451Out of Pocket$981Mortgage P&I$1,698117%Property Taxes$23916%Insurance$1178%Management$14510%CapEx$735%Vacancy$876%Maintenance$735%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,451

Total Expenses

$2,432

Mortgage P&I

117%

$1,698

Property Taxes

16%

$239

Home Insurance

8%

$117

HOA

0%

$0

Property Management

10%

$145

CapEx

5%

$73

Vacancy

6%

$87

Maintenance

5%

$73

Other

0%

$0

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