REI Lense

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$1,833 (target)

360 Park Ln, Linden, MI 48451

3 beds • 2 baths • 1408 sqft

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This property looks like a bad Long-Term investment with a projected -12.32% first-year return on $61,467 initial cash invested.

-12.32%

Cash On Cash

3.99%

Cap Rate

0.64

DSCR

$1,833

Rent

-$631

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,833 income − $2,464 expenses = $631 out of pocket

Income$1,833Out of Pocket$631Mortgage P&I$1,51383%Property Taxes$38121%Insurance$935%Management$18310%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,467

Downpayment

20%

$58,540

Closing costs

1%

$2,927

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,833

Total Expenses

$2,464

Mortgage P&I

83%

$1,513

Property Taxes

21%

$381

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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