REI Lense

REI Lense

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$1,740 (target)

3812 Wainwright Ave, Lansing, MI 48911

3 beds • 2 baths • 948 sqft

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This property might be a fair Mid-Term investment with a projected 0.85% first-year return on $47,883 initial cash invested.

0.85%

Cash On Cash

7.28%

Cap Rate

1.14

DSCR

$1,740

Rent

$34

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$142k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,883

Downpayment

20%

$28,460

Closing costs

1%

$1,423

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$1,740

Total Expenses

$1,706

Mortgage P&I

44%

$759

Property Taxes

18%

$308

Home Insurance

3%

$47

HOA

0%

$0

Property Management

12%

$209

CapEx

4%

$70

Vacancy

3%

$52

Maintenance

4%

$70

Other

11%

$191

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