REI Lense

REI Lense

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$1,444 (target)

3374 Winter St, Saginaw, MI 48604

3 beds • 2 baths • 1922 sqft

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This property might be a fair Long-Term investment with a projected 5.27% first-year return on $29,358 initial cash invested.

5.27%

Cash On Cash

8.16%

Cap Rate

1.27

DSCR

$1,444

Rent

$129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,444 income − $1,315 expenses = $129 cash flow

Income$1,444Mortgage P&I$75052%Property Taxes$1299%Insurance$614%Management$14410%CapEx$725%Vacancy$876%Maintenance$725%Cash Flow$129

Investment Breakdown

|

Purchase Price

$140k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,358

Downpayment

20%

$27,960

Closing costs

1%

$1,398

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,444

Total Expenses

$1,315

Mortgage P&I

52%

$750

Property Taxes

9%

$129

Home Insurance

4%

$61

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$87

Maintenance

5%

$72

Other

0%

$0

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