REI Lense

REI Lense

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$1,730 (target)

3807 River Dr, Lincoln Park, MI 48146

3 beds • 3 baths • 2450 sqft

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This property looks like a bad Long-Term investment with a projected -13.81% first-year return on $57,330 initial cash invested.

-13.81%

Cash On Cash

4.13%

Cap Rate

0.62

DSCR

$1,730

Rent

-$660

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,730 income − $2,390 expenses = $660 out of pocket

Income$1,730Out of Pocket$660Mortgage P&I$1,51387%Property Taxes$32619%Insurance$1026%Management$17310%CapEx$865%Vacancy$1046%Maintenance$865%

Investment Breakdown

|

Purchase Price

$273k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,330

Downpayment

20%

$54,600

Closing costs

1%

$2,730

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,730

Total Expenses

$2,390

Mortgage P&I

87%

$1,513

Property Taxes

19%

$326

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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