REI Lense

REI Lense

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$4,605 (target)

3686 E Lake Dr, Metamora, MI 48455

3 beds • 5 baths • 3828 sqft

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This property looks like a bad Mid-Term investment with a projected -7.42% first-year return on $147k initial cash invested.

-7.42%

Cash On Cash

4.69%

Cap Rate

0.77

DSCR

$4,605

Rent

-$909

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,605 income − $5,514 expenses = $909 out of pocket

Income$4,605Out of Pocket$909Mortgage P&I$3,12368%Property Taxes$57713%Insurance$2455%HOA$3Management$55312%CapEx$1844%Vacancy$1383%Maintenance$1844%Other$50711%

Investment Breakdown

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Purchase Price

$614k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$123k

Closing costs

1%

$6,141

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,605

Total Expenses

$5,514

Mortgage P&I

68%

$3,123

Property Taxes

13%

$577

Home Insurance

5%

$245

HOA

0%

$3

Property Management

12%

$553

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$507

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