REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,675 (target)

4823 River Ridge Dr, Lansing, MI 48917

3 beds • 3 baths • 2044 sqft

Email

This property might be a fair Mid-Term investment with a projected 6.65% first-year return on $81,000 initial cash invested.

6.65%

Cash On Cash

8.37%

Cap Rate

1.4

DSCR

$3,675

Rent

$449

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,675 income − $3,226 expenses = $449 cash flow

Income$3,675Mortgage P&I$1,49741%Property Taxes$37510%Insurance$1053%Management$44112%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40411%Cash Flow$449

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,675

Total Expenses

$3,226

Mortgage P&I

41%

$1,497

Property Taxes

10%

$375

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$441

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$404

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis