REI Lense

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$2,434 (target)

3963 Dayspring Ct, Okemos, MI 48864

3 beds • 2 baths • 2270 sqft

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This property looks like a bad Long-Term investment with a projected -10.07% first-year return on $75,516 initial cash invested.

-10.07%

Cash On Cash

4.39%

Cap Rate

0.72

DSCR

$2,434

Rent

-$634

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,434 income − $3,068 expenses = $634 out of pocket

Income$2,434Out of Pocket$634Mortgage P&I$1,82975%Property Taxes$47720%Insurance$1295%Management$24310%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,516

Downpayment

20%

$71,920

Closing costs

1%

$3,596

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,434

Total Expenses

$3,068

Mortgage P&I

75%

$1,829

Property Taxes

20%

$477

Home Insurance

5%

$129

HOA

0%

$0

Property Management

10%

$243

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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