REI Lense

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$2,582 (target)

5417 Pinecrest Dr, Lewiston, MI 49756

3 beds • 2 baths • 1440 sqft

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This property might be a fair Mid-Term investment with a projected 5.59% first-year return on $66,930 initial cash invested.

5.59%

Cash On Cash

8.56%

Cap Rate

1.33

DSCR

$2,582

Rent

$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,582 income − $2,270 expenses = $312 cash flow

Income$2,582Mortgage P&I$1,24748%Property Taxes$622%Insurance$843%Management$31012%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28411%Cash Flow$312

Investment Breakdown

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Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,930

Downpayment

20%

$46,600

Closing costs

1%

$2,330

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,582

Total Expenses

$2,270

Mortgage P&I

48%

$1,247

Property Taxes

2%

$62

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$310

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$284

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