REI Lense

REI Lense

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$3,258 (target)

629 Duane Ct, Ann Arbor, MI 48103

3 beds • 2 baths • 1074 sqft

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This property looks like a bad Mid-Term investment with a projected -6.68% first-year return on $107k initial cash invested.

-6.68%

Cash On Cash

4.76%

Cap Rate

0.78

DSCR

$3,258

Rent

-$597

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,258 income − $3,855 expenses = $597 out of pocket

Income$3,258Out of Pocket$597Mortgage P&I$2,15366%Property Taxes$44614%Insurance$1495%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35811%

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,258

Total Expenses

$3,855

Mortgage P&I

66%

$2,153

Property Taxes

14%

$446

Home Insurance

5%

$149

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$358

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