REI Lense

REI Lense

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$2,157 (target)

49 Melvin J Ct, Oxford, MI 48371

3 beds • 3 baths • 1653 sqft

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This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $71,274 initial cash invested.

-11.67%

Cash On Cash

3.8%

Cap Rate

0.65

DSCR

$2,157

Rent

-$693

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

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,274

Downpayment

20%

$67,880

Closing costs

1%

$3,394

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,157

Total Expenses

$2,850

Mortgage P&I

77%

$1,661

Property Taxes

21%

$455

Home Insurance

8%

$163

HOA

0%

$10

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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