REI Lense

REI Lense

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$2,131 (target)

6704 Fescue St, Portage, MI 49024

3 beds • 2 baths • 1475 sqft

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This property looks like a bad Long-Term investment with a projected -0.02% first-year return on $50,442 initial cash invested.

-0.02%

Cash On Cash

6.86%

Cap Rate

1.08

DSCR

$2,131

Rent

-$1

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,131 income − $2,132 expenses = $1 out of pocket

Income$2,131Out of Pocket$1Mortgage P&I$1,26860%Property Taxes$22711%Insurance$824%Management$21310%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,442

Downpayment

20%

$48,040

Closing costs

1%

$2,402

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,131

Total Expenses

$2,132

Mortgage P&I

60%

$1,268

Property Taxes

11%

$227

Home Insurance

4%

$82

HOA

0%

$0

Property Management

10%

$213

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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