REI Lense

REI Lense

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$2,498 (target)

6740 Summerfield Rd, Temperance, MI 48182

3 beds • 2 baths • 1806 sqft

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This property might be a fair Long-Term investment with a projected 0.83% first-year return on $63,861 initial cash invested.

0.83%

Cash On Cash

6.66%

Cap Rate

1.11

DSCR

$2,498

Rent

$44

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,498 income − $2,454 expenses = $44 cash flow

Income$2,498Mortgage P&I$1,51861%Property Taxes$1867%Insurance$1004%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%Cash Flow$44

Investment Breakdown

|

Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,861

Downpayment

20%

$60,820

Closing costs

1%

$3,041

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,498

Total Expenses

$2,454

Mortgage P&I

61%

$1,518

Property Taxes

7%

$186

Home Insurance

4%

$100

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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