REI Lense

REI Lense

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$2,719 (target)

3581 Orchid Ln, Holt, MI 48842

3 beds • 3 baths • 2056 sqft

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This property looks like a bad Long-Term investment with a projected -3.87% first-year return on $68,586 initial cash invested.

-3.87%

Cash On Cash

5.62%

Cap Rate

0.95

DSCR

$2,719

Rent

-$221

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,719 income − $2,940 expenses = $221 out of pocket

Income$2,719Out of Pocket$221Mortgage P&I$1,61559%Property Taxes$50218%Insurance$1164%Management$27210%CapEx$1365%Vacancy$1636%Maintenance$1365%

Investment Breakdown

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Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,586

Downpayment

20%

$65,320

Closing costs

1%

$3,266

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,719

Total Expenses

$2,940

Mortgage P&I

59%

$1,615

Property Taxes

18%

$502

Home Insurance

4%

$116

HOA

0%

$0

Property Management

10%

$272

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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