REI Lense

REI Lense

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$2,004 (target)

3378 State Street Rd, Bay City, MI 48706

3 beds • 2 baths • 1484 sqft

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This property looks like a bad Long-Term investment with a projected -10.16% first-year return on $66,129 initial cash invested.

-10.16%

Cash On Cash

4.65%

Cap Rate

0.73

DSCR

$2,004

Rent

-$560

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,004 income − $2,564 expenses = $560 out of pocket

Income$2,004Out of Pocket$560Mortgage P&I$1,67984%Property Taxes$25513%Insurance$1105%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,129

Downpayment

20%

$62,980

Closing costs

1%

$3,149

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,004

Total Expenses

$2,564

Mortgage P&I

84%

$1,679

Property Taxes

13%

$255

Home Insurance

5%

$110

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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