REI Lense

REI Lense

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$3,264 (target)

3910 Joy Rd, Metamora, MI 48455

3 beds • 2 baths • 1932 sqft

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This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $115k initial cash invested.

-6.32%

Cash On Cash

4.69%

Cap Rate

0.79

DSCR

$3,264

Rent

-$608

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,780

Closing costs

1%

$4,639

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,264

Total Expenses

$3,872

Mortgage P&I

70%

$2,290

Property Taxes

8%

$274

Home Insurance

5%

$172

HOA

1%

$25

Property Management

12%

$392

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$359

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