REI Lense

REI Lense

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$1,324 (target)

6047 N State Rd, Davison, MI 48423

3 beds • 2 baths • 2030 sqft

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This property looks like a bad Long-Term investment with a projected -22.22% first-year return on $96,579 initial cash invested.

-22.22%

Cash On Cash

1.52%

Cap Rate

0.25

DSCR

$1,324

Rent

-$1,788

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,324 income − $3,112 expenses = $1,788 out of pocket

Income$1,324Out of Pocket$1,788Mortgage P&I$2,304174%Property Taxes$30423%Insurance$16112%Management$13210%CapEx$665%Vacancy$796%Maintenance$665%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,579

Downpayment

20%

$91,980

Closing costs

1%

$4,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,324

Total Expenses

$3,112

Mortgage P&I

174%

$2,304

Property Taxes

23%

$304

Home Insurance

12%

$161

HOA

0%

$0

Property Management

10%

$132

CapEx

5%

$66

Vacancy

6%

$79

Maintenance

5%

$66

Other

0%

$0

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