REI Lense

REI Lense

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$1,689 (target)

38055 Winkler St, Harrison Township, MI 48045

3 beds • 2 baths • 1356 sqft

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This property looks like a bad Long-Term investment with a projected -11.65% first-year return on $59,661 initial cash invested.

-11.65%

Cash On Cash

3.88%

Cap Rate

0.65

DSCR

$1,689

Rent

-$579

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,689 income − $2,268 expenses = $579 out of pocket

Income$1,689Out of Pocket$579Mortgage P&I$1,41384%Property Taxes$31619%Insurance$1016%Management$16910%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,661

Downpayment

20%

$56,820

Closing costs

1%

$2,841

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,689

Total Expenses

$2,268

Mortgage P&I

84%

$1,413

Property Taxes

19%

$316

Home Insurance

6%

$101

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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