REI Lense

REI Lense

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$2,408 (target)

4480 Millington Rd, Millington, MI 48746

3 beds • 2 baths • 2350 sqft

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This property looks like a bad Mid-Term investment with a projected -2.12% first-year return on $80,790 initial cash invested.

-2.12%

Cash On Cash

5.81%

Cap Rate

0.97

DSCR

$2,408

Rent

-$143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,408

Total Expenses

$2,551

Mortgage P&I

62%

$1,494

Property Taxes

6%

$134

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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