REI Lense

REI Lense

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$1,640 (target)

629 S Winter St, Adrian, MI 49221

3 beds • 2 baths • 1171 sqft

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This property might be a fair Long-Term investment with a projected 9.11% first-year return on $28,182 initial cash invested.

9.11%

Cash On Cash

9.13%

Cap Rate

1.41

DSCR

$1,640

Rent

$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,640 income − $1,426 expenses = $214 cash flow

Income$1,640Mortgage P&I$72544%Property Taxes$22714%Insurance$483%Management$16410%CapEx$825%Vacancy$986%Maintenance$825%Cash Flow$214

Investment Breakdown

|

Purchase Price

$134k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,182

Downpayment

20%

$26,840

Closing costs

1%

$1,342

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,640

Total Expenses

$1,426

Mortgage P&I

44%

$725

Property Taxes

14%

$227

Home Insurance

3%

$48

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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