REI Lense

REI Lense

$1,775 (target)

8505 Lindsey Rd, Casco, MI 48064

3 beds • 2 baths • 2784 sqft

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This property looks like a bad Long-Term investment with a projected -15.79% first-year return on $78,729 initial cash invested.

-15.79%

Cash On Cash

3.37%

Cap Rate

0.53

DSCR

$1,775

Rent

-$1,036

Cashflow

Cash Flow

$1,775 income − $2,811 expenses = $1,036 out of pocket

Income$1,775Out ofPocket$1,036P&I$1,999113%Taxes$21912%Insurance$1317%Mgmt$17810%CapEx$895%Vacancy$1066%Maint.$895%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,729

Downpayment

20%

$74,980

Closing costs

1%

$3,749

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,775

Total Expenses

$2,811

Mortgage P&I

113%

$1,999

Property Taxes

12%

$219

Home Insurance

7%

$131

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$106

Maintenance

5%

$89

Other

0%

$0

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