REI Lense

REI Lense

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$3,027 (target)

4224 Tiffany Ave, Portage, MI 49002

3 beds • 2 baths • 1534 sqft

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This property might be a fair Mid-Term investment with a projected 4.87% first-year return on $73,902 initial cash invested.

4.87%

Cash On Cash

7.79%

Cap Rate

1.32

DSCR

$3,027

Rent

$300

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$266k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,902

Downpayment

20%

$53,240

Closing costs

1%

$2,662

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,027

Total Expenses

$2,727

Mortgage P&I

43%

$1,306

Property Taxes

10%

$296

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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