REI Lense

REI Lense

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$3,249 (target)

862 Saint James Park Ave, Monroe, MI 48161

3 beds • 3 baths • 2190 sqft

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This property looks like a bad Long-Term investment with a projected -4.61% first-year return on $97,629 initial cash invested.

-4.61%

Cash On Cash

5.37%

Cap Rate

0.91

DSCR

$3,249

Rent

-$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,249 income − $3,624 expenses = $375 out of pocket

Income$3,249Out of Pocket$375Mortgage P&I$2,29571%Property Taxes$32210%Insurance$1635%Management$32510%CapEx$1625%Vacancy$1956%Maintenance$1625%

Investment Breakdown

|

Purchase Price

$465k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,629

Downpayment

20%

$92,980

Closing costs

1%

$4,649

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,249

Total Expenses

$3,624

Mortgage P&I

71%

$2,295

Property Taxes

10%

$322

Home Insurance

5%

$163

HOA

0%

$0

Property Management

10%

$325

CapEx

5%

$162

Vacancy

6%

$195

Maintenance

5%

$162

Other

0%

$0

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