REI Lense

REI Lense

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$2,019 (target)

7124 Elmwood Dr, Grand Blanc, MI 48439

3 beds • 3 baths • 3208 sqft

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This property looks like a bad Long-Term investment with a projected -12.58% first-year return on $74,508 initial cash invested.

-12.58%

Cash On Cash

3.62%

Cap Rate

0.61

DSCR

$2,019

Rent

-$781

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,508

Downpayment

20%

$70,960

Closing costs

1%

$3,548

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,019

Total Expenses

$2,800

Mortgage P&I

87%

$1,749

Property Taxes

20%

$400

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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