REI Lense

REI Lense

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$2,114 (target)

49741 Jefferson Ave, Chesterfield, MI 48047

3 beds • 2 baths • 1292 sqft

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This property looks like a bad Long-Term investment with a projected -3.31% first-year return on $56,490 initial cash invested.

-3.31%

Cash On Cash

5.7%

Cap Rate

0.96

DSCR

$2,114

Rent

-$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,114 income − $2,270 expenses = $156 out of pocket

Income$2,114Out of Pocket$156Mortgage P&I$1,32863%Property Taxes$29814%Insurance$944%Management$21110%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

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Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,490

Downpayment

20%

$53,800

Closing costs

1%

$2,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,114

Total Expenses

$2,270

Mortgage P&I

63%

$1,328

Property Taxes

14%

$298

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$211

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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