REI Lense

REI Lense

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$1,618 (target)

7332 Quail St, Portage, MI 49024

3 beds • 2 baths • 2460 sqft

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This property looks like a bad Long-Term investment with a projected -8.72% first-year return on $51,576 initial cash invested.

-8.72%

Cash On Cash

4.4%

Cap Rate

0.75

DSCR

$1,618

Rent

-$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$246k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,576

Downpayment

20%

$49,120

Closing costs

1%

$2,456

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,618

Total Expenses

$1,993

Mortgage P&I

74%

$1,194

Property Taxes

17%

$278

Home Insurance

6%

$100

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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