REI Lense

REI Lense

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$3,422 (target)

7156 River Rd, Flushing, MI 48433

3 beds • 3 baths • 3637 sqft

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This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $97,212 initial cash invested.

-2.05%

Cash On Cash

5.87%

Cap Rate

0.98

DSCR

$3,422

Rent

-$166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,422 income − $3,588 expenses = $166 out of pocket

Income$3,422Out of Pocket$166Mortgage P&I$1,87555%Property Taxes$41412%Insurance$1354%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%

Investment Breakdown

|

Purchase Price

$377k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,212

Downpayment

20%

$75,440

Closing costs

1%

$3,772

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,422

Total Expenses

$3,588

Mortgage P&I

55%

$1,875

Property Taxes

12%

$414

Home Insurance

4%

$135

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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