REI Lense

REI Lense

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$2,238 (target)

47050 Land St, Chesterfield, MI 48047

3 beds • 2 baths • 1244 sqft

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This property looks like a bad Mid-Term investment with a projected -19.6% first-year return on $148k initial cash invested.

-19.6%

Cash On Cash

1.31%

Cap Rate

0.22

DSCR

$2,238

Rent

-$2,414

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$618k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$124k

Closing costs

1%

$6,179

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,238

Total Expenses

$4,652

Mortgage P&I

134%

$2,998

Property Taxes

30%

$676

Home Insurance

10%

$216

HOA

0%

$0

Property Management

12%

$269

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$246

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