REI Lense

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$1,721 (target)

5417 Pinecrest Dr, Lewiston, MI 49756

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Long-Term investment with a projected -2.92% first-year return on $48,930 initial cash invested.

-2.92%

Cash On Cash

6.25%

Cap Rate

0.97

DSCR

$1,721

Rent

-$119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,721 income − $1,840 expenses = $119 out of pocket

Income$1,721Out of Pocket$119Mortgage P&I$1,24772%Property Taxes$624%Insurance$845%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

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Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,930

Downpayment

20%

$46,600

Closing costs

1%

$2,330

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,721

Total Expenses

$1,840

Mortgage P&I

72%

$1,247

Property Taxes

4%

$62

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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