REI Lense

REI Lense

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$2,369 (target)

39775 Memory Ln, Harrison Township, MI 48045

3 beds • 2 baths • 2297 sqft

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This property looks like a bad Long-Term investment with a projected -8.88% first-year return on $74,298 initial cash invested.

-8.88%

Cash On Cash

4.6%

Cap Rate

0.76

DSCR

$2,369

Rent

-$550

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,369 income − $2,919 expenses = $550 out of pocket

Income$2,369Out of Pocket$550Mortgage P&I$1,78875%Property Taxes$39016%Insurance$1265%Management$23710%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,298

Downpayment

20%

$70,760

Closing costs

1%

$3,538

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,369

Total Expenses

$2,919

Mortgage P&I

75%

$1,788

Property Taxes

16%

$390

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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