REI Lense

REI Lense

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$2,001 (target)

815 Montana St, Marysville, MI 48040

3 beds • 3 baths • 1976 sqft

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This property looks like a bad Long-Term investment with a projected -15.25% first-year return on $72,303 initial cash invested.

-15.25%

Cash On Cash

3.21%

Cap Rate

0.53

DSCR

$2,001

Rent

-$919

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,001 income − $2,920 expenses = $919 out of pocket

Income$2,001Out of Pocket$919Mortgage P&I$1,74087%Property Taxes$54627%Insurance$1146%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

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Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,303

Downpayment

20%

$68,860

Closing costs

1%

$3,443

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,001

Total Expenses

$2,920

Mortgage P&I

87%

$1,740

Property Taxes

27%

$546

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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