REI Lense

REI Lense

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$2,342 (target)

6579 Centennial Dr, Temperance, MI 48182

3 beds • 3 baths • 1843 sqft

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This property looks like a bad Long-Term investment with a projected -3.66% first-year return on $67,221 initial cash invested.

-3.66%

Cash On Cash

5.64%

Cap Rate

0.94

DSCR

$2,342

Rent

-$205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,342 income − $2,547 expenses = $205 out of pocket

Income$2,342Out of Pocket$205Mortgage P&I$1,59268%Property Taxes$23210%Insurance$1145%Management$23410%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,221

Downpayment

20%

$64,020

Closing costs

1%

$3,201

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,342

Total Expenses

$2,547

Mortgage P&I

68%

$1,592

Property Taxes

10%

$232

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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