REI Lense

REI Lense

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$2,976 (target)

62734 Morningside Dr, Washington, MI 48094

3 beds • 3 baths • 5886 sqft

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This property looks like a bad Long-Term investment with a projected -21.54% first-year return on $199k initial cash invested.

-21.54%

Cash On Cash

1.65%

Cap Rate

0.28

DSCR

$2,976

Rent

-$3,572

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$947k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$199k

Downpayment

20%

$189k

Closing costs

1%

$9,474

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,976

Total Expenses

$6,548

Mortgage P&I

159%

$4,724

Property Taxes

21%

$629

Home Insurance

11%

$341

HOA

3%

$79

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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