REI Lense

REI Lense

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$2,401 (target)

4960 Sierra Dr, Howell, MI 48843

3 beds • 3 baths • 2343 sqft

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This property looks like a bad Long-Term investment with a projected -11.86% first-year return on $85,869 initial cash invested.

-11.86%

Cash On Cash

4.18%

Cap Rate

0.66

DSCR

$2,401

Rent

-$849

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,401 income − $3,250 expenses = $849 out of pocket

Income$2,401Out of Pocket$849Mortgage P&I$2,15390%Property Taxes$32814%Insurance$1456%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,869

Downpayment

20%

$81,780

Closing costs

1%

$4,089

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,401

Total Expenses

$3,250

Mortgage P&I

90%

$2,153

Property Taxes

14%

$328

Home Insurance

6%

$145

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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