REI Lense

REI Lense

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$2,669 (target)

7486 Michigan Rd, Bay City, MI 48706

3 beds • 4 baths • 3500 sqft

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This property looks like a bad Long-Term investment with a projected -18.79% first-year return on $140k initial cash invested.

-18.79%

Cash On Cash

2.37%

Cap Rate

0.39

DSCR

$2,669

Rent

-$2,200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,669 income − $4,869 expenses = $2,200 out of pocket

Income$2,669Out of Pocket$2,200Mortgage P&I$3,386127%Property Taxes$55621%Insurance$2349%Management$26710%CapEx$1335%Vacancy$1606%Maintenance$1335%

Investment Breakdown

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Purchase Price

$669k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$134k

Closing costs

1%

$6,689

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,669

Total Expenses

$4,869

Mortgage P&I

127%

$3,386

Property Taxes

21%

$556

Home Insurance

9%

$234

HOA

0%

$0

Property Management

10%

$267

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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