REI Lense

REI Lense

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$2,043 (target)

4312 W Cherry Creek Rd, Lewiston, MI 49756

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Mid-Term investment with a projected -13.94% first-year return on $112k initial cash invested.

-13.94%

Cash On Cash

2.59%

Cap Rate

0.44

DSCR

$2,043

Rent

-$1,298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$446k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,280

Closing costs

1%

$4,464

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,043

Total Expenses

$3,341

Mortgage P&I

107%

$2,181

Property Taxes

15%

$302

Home Insurance

8%

$163

HOA

0%

$0

Property Management

12%

$245

CapEx

4%

$82

Vacancy

3%

$61

Maintenance

4%

$82

Other

11%

$225

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