REI Lense

REI Lense

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$4,038 (target)

6637 Joy Rd, Dexter, MI 48130

3 beds • 2 baths • 1700 sqft

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This property looks like a bad Mid-Term investment with a projected -0.98% first-year return on $118k initial cash invested.

-0.98%

Cash On Cash

6.03%

Cap Rate

1.03

DSCR

$4,038

Rent

-$96

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$474k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,880

Closing costs

1%

$4,744

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,038

Total Expenses

$4,134

Mortgage P&I

57%

$2,318

Property Taxes

8%

$325

Home Insurance

3%

$117

HOA

0%

$0

Property Management

12%

$485

CapEx

4%

$162

Vacancy

3%

$121

Maintenance

4%

$162

Other

11%

$444

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