REI Lense

REI Lense

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$3,608 (target)

3733 Ridgefield Rd, Lansing, MI 48906

3 beds • 3 baths • 2205 sqft

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This property might be a fair Mid-Term investment with a projected 4.23% first-year return on $80,349 initial cash invested.

4.23%

Cash On Cash

7.72%

Cap Rate

1.29

DSCR

$3,608

Rent

$283

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$297k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,349

Downpayment

20%

$59,380

Closing costs

1%

$2,969

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,608

Total Expenses

$3,325

Mortgage P&I

41%

$1,483

Property Taxes

14%

$511

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$433

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$397

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