REI Lense

REI Lense

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$1,925 (target)

4851 E North Down River Rd, Grayling, MI 49738

3 beds • 2 baths • 1248 sqft

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This property looks like a bad Long-Term investment with a projected -9.81% first-year return on $71,190 initial cash invested.

-9.81%

Cash On Cash

4.22%

Cap Rate

0.71

DSCR

$1,925

Rent

-$582

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,190

Downpayment

20%

$67,800

Closing costs

1%

$3,390

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,925

Total Expenses

$2,507

Mortgage P&I

87%

$1,678

Property Taxes

11%

$210

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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