REI Lense

REI Lense

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$3,378 (target)

6924 Lynn Ann Dr, Hudsonville, MI 49426

3 beds • 2 baths • 3336 sqft

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This property looks like a bad Mid-Term investment with a projected -4.52% first-year return on $108k initial cash invested.

-4.52%

Cash On Cash

5.02%

Cap Rate

0.87

DSCR

$3,378

Rent

-$408

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,999

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,378

Total Expenses

$3,786

Mortgage P&I

61%

$2,071

Property Taxes

12%

$417

Home Insurance

4%

$150

HOA

0%

$0

Property Management

12%

$405

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$372

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