REI Lense

REI Lense

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$2,538 (target)

53293 Spurry Ln, Chesterfield, MI 48051

3 beds • 2 baths • 1794 sqft

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This property looks like a bad Long-Term investment with a projected -7.77% first-year return on $81,207 initial cash invested.

-7.77%

Cash On Cash

4.79%

Cap Rate

0.79

DSCR

$2,538

Rent

-$526

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,538 income − $3,064 expenses = $526 out of pocket

Income$2,538Out of Pocket$526Mortgage P&I$1,94377%Property Taxes$32513%Insurance$1365%Management$25410%CapEx$1275%Vacancy$1526%Maintenance$1275%

Investment Breakdown

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Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,207

Downpayment

20%

$77,340

Closing costs

1%

$3,867

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,538

Total Expenses

$3,064

Mortgage P&I

77%

$1,943

Property Taxes

13%

$325

Home Insurance

5%

$136

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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