REI Lense

REI Lense

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$3,070 (target)

3686 E Lake Dr, Metamora, MI 48455

3 beds • 5 baths • 3828 sqft

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This property looks like a bad Long-Term investment with a projected -15.6% first-year return on $129k initial cash invested.

-15.6%

Cash On Cash

3.13%

Cap Rate

0.51

DSCR

$3,070

Rent

-$1,677

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,070 income − $4,747 expenses = $1,677 out of pocket

Income$3,070Out of Pocket$1,677Mortgage P&I$3,123102%Property Taxes$57719%Insurance$2458%HOA$3Management$30710%CapEx$1545%Vacancy$1846%Maintenance$1545%

Investment Breakdown

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Purchase Price

$614k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$123k

Closing costs

1%

$6,141

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,070

Total Expenses

$4,747

Mortgage P&I

102%

$3,123

Property Taxes

19%

$577

Home Insurance

8%

$245

HOA

0%

$3

Property Management

10%

$307

CapEx

5%

$154

Vacancy

6%

$184

Maintenance

5%

$154

Other

0%

$0

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