REI Lense

REI Lense

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$1,679 (target)

4673 Morningside Dr, Bay City, MI 48706

3 beds • 3 baths • 2752 sqft

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This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $60,879 initial cash invested.

-11.57%

Cash On Cash

3.84%

Cap Rate

0.65

DSCR

$1,679

Rent

-$587

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,679 income − $2,266 expenses = $587 out of pocket

Income$1,679Out of Pocket$587Mortgage P&I$1,43185%Property Taxes$29618%Insurance$1026%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,679

Total Expenses

$2,266

Mortgage P&I

85%

$1,431

Property Taxes

18%

$296

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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