REI Lense

REI Lense

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$2,439 (target)

61346 Dean Dr, South Lyon, MI 48178

3 beds • 2 baths • 1532 sqft

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This property looks like a bad Long-Term investment with a projected -16.01% first-year return on $79,233 initial cash invested.

-16.01%

Cash On Cash

3.71%

Cap Rate

0.55

DSCR

$2,439

Rent

-$1,057

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,439 income − $3,496 expenses = $1,057 out of pocket

Income$2,439Out of Pocket$1,057Mortgage P&I$2,10186%Property Taxes$63326%Insurance$1285%Management$24410%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

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Purchase Price

$377k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,233

Downpayment

20%

$75,460

Closing costs

1%

$3,773

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,439

Total Expenses

$3,496

Mortgage P&I

86%

$2,101

Property Taxes

26%

$633

Home Insurance

5%

$128

HOA

0%

$0

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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