REI Lense

REI Lense

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$1,568 (target)

7221 S Military Rd, Grayling, MI 49738

3 beds • 2 baths • 1333 sqft

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This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $51,450 initial cash invested.

-11.1%

Cash On Cash

4.55%

Cap Rate

0.7

DSCR

$1,568

Rent

-$476

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,568 income − $2,044 expenses = $476 out of pocket

Income$1,568Out of Pocket$476Mortgage P&I$1,32785%Property Taxes$22414%Insurance$865%Management$15710%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,568

Total Expenses

$2,044

Mortgage P&I

85%

$1,327

Property Taxes

14%

$224

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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