REI Lense

REI Lense

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$2,309 (target)

3360 Lakeshore Dr, Monroe, MI 48162

3 beds • 2 baths • 2735 sqft

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This property looks like a bad Long-Term investment with a projected -12.66% first-year return on $88,179 initial cash invested.

-12.66%

Cash On Cash

3.99%

Cap Rate

0.63

DSCR

$2,309

Rent

-$930

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,309 income − $3,239 expenses = $930 out of pocket

Income$2,309Out of Pocket$930Mortgage P&I$2,21196%Property Taxes$28112%Insurance$1476%Management$23110%CapEx$1155%Vacancy$1396%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,179

Downpayment

20%

$83,980

Closing costs

1%

$4,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,309

Total Expenses

$3,239

Mortgage P&I

96%

$2,211

Property Taxes

12%

$281

Home Insurance

6%

$147

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$115

Vacancy

6%

$139

Maintenance

5%

$115

Other

0%

$0

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