REI Lense

REI Lense

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$2,730 (target)

5848 Grassmere St, Portage, MI 49024

3 beds • 2 baths • 1214 sqft

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This property might be a fair Mid-Term investment with a projected 6.51% first-year return on $64,116 initial cash invested.

6.51%

Cash On Cash

8.77%

Cap Rate

1.4

DSCR

$2,730

Rent

$348

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,116

Downpayment

20%

$43,920

Closing costs

1%

$2,196

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,730

Total Expenses

$2,382

Mortgage P&I

42%

$1,148

Property Taxes

8%

$227

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$328

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$300

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