REI Lense

REI Lense

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$2,450 (target)

4823 River Ridge Dr, Lansing, MI 48917

3 beds • 3 baths • 2044 sqft

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This property looks like a bad Long-Term investment with a projected -3.1% first-year return on $63,000 initial cash invested.

-3.1%

Cash On Cash

5.82%

Cap Rate

0.97

DSCR

$2,450

Rent

-$163

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,450 income − $2,613 expenses = $163 out of pocket

Income$2,450Out of Pocket$163Mortgage P&I$1,49761%Property Taxes$37515%Insurance$1054%Management$24510%CapEx$1225%Vacancy$1476%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,450

Total Expenses

$2,613

Mortgage P&I

61%

$1,497

Property Taxes

15%

$375

Home Insurance

4%

$105

HOA

0%

$0

Property Management

10%

$245

CapEx

5%

$122

Vacancy

6%

$147

Maintenance

5%

$122

Other

0%

$0

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