REI Lense

REI Lense

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$2,240 (target)

6524 Kelly Rd, Flushing, MI 48433

3 beds • 3 baths • 3222 sqft

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This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $72,450 initial cash invested.

-9.86%

Cash On Cash

4.37%

Cap Rate

0.72

DSCR

$2,240

Rent

-$595

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,240 income − $2,835 expenses = $595 out of pocket

Income$2,240Out of Pocket$595Mortgage P&I$1,73978%Property Taxes$39318%Insurance$1215%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,240

Total Expenses

$2,835

Mortgage P&I

78%

$1,739

Property Taxes

18%

$393

Home Insurance

5%

$121

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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