REI Lense

REI Lense

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$1,509 (target)

727 Springbrook Ave, Adrian, MI 49221

3 beds • 2 baths • 1162 sqft

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This property looks like a bad Long-Term investment with a projected -7.4% first-year return on $39,228 initial cash invested.

-7.4%

Cash On Cash

5.47%

Cap Rate

0.84

DSCR

$1,509

Rent

-$242

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,509 income − $1,751 expenses = $242 out of pocket

Income$1,509Out of Pocket$242Mortgage P&I$1,01968%Property Taxes$27918%Insurance$614%Management$15110%CapEx$755%Vacancy$916%Maintenance$755%

Investment Breakdown

|

Purchase Price

$187k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,228

Downpayment

20%

$37,360

Closing costs

1%

$1,868

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,509

Total Expenses

$1,751

Mortgage P&I

68%

$1,019

Property Taxes

18%

$279

Home Insurance

4%

$61

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$75

Vacancy

6%

$91

Maintenance

5%

$75

Other

0%

$0

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