REI Lense

REI Lense

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$2,405 (target)

4364 Heritage Dr, Hudsonville, MI 49426

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Long-Term investment with a projected -7.74% first-year return on $83,769 initial cash invested.

-7.74%

Cash On Cash

4.67%

Cap Rate

0.79

DSCR

$2,405

Rent

-$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,405 income − $2,945 expenses = $540 out of pocket

Income$2,405Out of Pocket$540Mortgage P&I$1,97282%Property Taxes$2099%Insurance$1406%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,769

Downpayment

20%

$79,780

Closing costs

1%

$3,989

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,405

Total Expenses

$2,945

Mortgage P&I

82%

$1,972

Property Taxes

9%

$209

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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