REI Lense

REI Lense

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$2,630 (target)

705 W Geneva Dr, Dewitt, MI 48820

3 beds • 3 baths • 2550 sqft

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This property looks like a bad Long-Term investment with a projected -17.7% first-year return on $99,162 initial cash invested.

-17.7%

Cash On Cash

2.7%

Cap Rate

0.44

DSCR

$2,630

Rent

-$1,463

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,630 income − $4,093 expenses = $1,463 out of pocket

Income$2,630Out of Pocket$1,463Mortgage P&I$2,39491%Property Taxes$73428%Insurance$28011%Management$26310%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

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Purchase Price

$472k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,162

Downpayment

20%

$94,440

Closing costs

1%

$4,722

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,630

Total Expenses

$4,093

Mortgage P&I

91%

$2,394

Property Taxes

28%

$734

Home Insurance

11%

$280

HOA

0%

$0

Property Management

10%

$263

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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