REI Lense

REI Lense

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$3,298 (target)

712 E 38th Rd, Cadillac, MI 49601

3 beds • 2 baths • 1344 sqft

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This property looks like a bad Mid-Term investment with a projected -0.46% first-year return on $96,624 initial cash invested.

-0.46%

Cash On Cash

6.19%

Cap Rate

1.05

DSCR

$3,298

Rent

-$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,624

Downpayment

20%

$74,880

Closing costs

1%

$3,744

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,298

Total Expenses

$3,335

Mortgage P&I

56%

$1,837

Property Taxes

7%

$241

Home Insurance

4%

$135

HOA

0%

$0

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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