REI Lense

REI Lense

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$1,894 (target)

5825 W Miller Rd, Lewiston, MI 49756

3 beds • 2 baths • 2416 sqft

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This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $75,390 initial cash invested.

-12.14%

Cash On Cash

3.85%

Cap Rate

0.63

DSCR

$1,894

Rent

-$763

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,894 income − $2,657 expenses = $763 out of pocket

Income$1,894Out of Pocket$763Mortgage P&I$1,81996%Property Taxes$21912%Insurance$1267%Management$18910%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,894

Total Expenses

$2,657

Mortgage P&I

96%

$1,819

Property Taxes

12%

$219

Home Insurance

7%

$126

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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