REI Lense

REI Lense

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$2,455 (target)

6979 Placeway St, Jackson, MI 49201

3 beds • 2 baths • 2735 sqft

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This property looks like a bad Long-Term investment with a projected -5.38% first-year return on $66,528 initial cash invested.

-5.38%

Cash On Cash

5.37%

Cap Rate

0.89

DSCR

$2,455

Rent

-$298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,455 income − $2,753 expenses = $298 out of pocket

Income$2,455Out of Pocket$298Mortgage P&I$1,59265%Property Taxes$40817%Insurance$1145%Management$24610%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

|

Purchase Price

$317k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,528

Downpayment

20%

$63,360

Closing costs

1%

$3,168

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,455

Total Expenses

$2,753

Mortgage P&I

65%

$1,592

Property Taxes

17%

$408

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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