REI Lense

REI Lense

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$2,522 (target)

5815 Caleta Dr, Lansing, MI 48911

3 beds • 4 baths • 2614 sqft

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This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $81,228 initial cash invested.

-14.23%

Cash On Cash

3.79%

Cap Rate

0.59

DSCR

$2,522

Rent

-$963

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,522 income − $3,485 expenses = $963 out of pocket

Income$2,522Out of Pocket$963Mortgage P&I$2,05982%Property Taxes$63525%Insurance$1365%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$387k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,228

Downpayment

20%

$77,360

Closing costs

1%

$3,868

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,522

Total Expenses

$3,485

Mortgage P&I

82%

$2,059

Property Taxes

25%

$635

Home Insurance

5%

$136

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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