REI Lense

REI Lense

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$2,269 (target)

624 S McRoberts St, Mason, MI 48854

3 beds • 2 baths • 1908 sqft

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This property looks like a bad Long-Term investment with a projected -11.45% first-year return on $71,379 initial cash invested.

-11.45%

Cash On Cash

4.38%

Cap Rate

0.69

DSCR

$2,269

Rent

-$681

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,269 income − $2,950 expenses = $681 out of pocket

Income$2,269Out of Pocket$681Mortgage P&I$1,80980%Property Taxes$43319%Insurance$1195%Management$22710%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,269

Total Expenses

$2,950

Mortgage P&I

80%

$1,809

Property Taxes

19%

$433

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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