REI Lense

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$1,788 (target)

524 Gettysburg Dr, Lansing, MI 48917

3 beds • 2 baths • 2248 sqft

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This property looks like a bad Long-Term investment with a projected -10.1% first-year return on $61,320 initial cash invested.

-10.1%

Cash On Cash

4.21%

Cap Rate

0.71

DSCR

$1,788

Rent

-$516

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,788 income − $2,304 expenses = $516 out of pocket

Income$1,788Out of Pocket$516Mortgage P&I$1,45181%Property Taxes$28716%Insurance$1026%Management$17910%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,320

Downpayment

20%

$58,400

Closing costs

1%

$2,920

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,788

Total Expenses

$2,304

Mortgage P&I

81%

$1,451

Property Taxes

16%

$287

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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