REI Lense

REI Lense

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$2,254 (target)

5449 S Genesee Rd, Grand Blanc, MI 48439

3 beds • 2 baths • 1896 sqft

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This property looks like a bad Long-Term investment with a projected -3.89% first-year return on $58,569 initial cash invested.

-3.89%

Cash On Cash

6%

Cap Rate

0.95

DSCR

$2,254

Rent

-$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,254 income − $2,444 expenses = $190 out of pocket

Income$2,254Out of Pocket$190Mortgage P&I$1,47265%Property Taxes$29813%Insurance$884%Management$22510%CapEx$1135%Vacancy$1356%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,569

Downpayment

20%

$55,780

Closing costs

1%

$2,789

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,254

Total Expenses

$2,444

Mortgage P&I

65%

$1,472

Property Taxes

13%

$298

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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