REI Lense

REI Lense

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$2,069 (target)

8679 Gilmour Ln, Freeland, MI 48623

3 beds • 2 baths • 1392 sqft

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This property looks like a bad Long-Term investment with a projected -12.73% first-year return on $74,298 initial cash invested.

-12.73%

Cash On Cash

3.51%

Cap Rate

0.6

DSCR

$2,069

Rent

-$788

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,298

Downpayment

20%

$70,760

Closing costs

1%

$3,538

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,069

Total Expenses

$2,857

Mortgage P&I

83%

$1,721

Property Taxes

23%

$473

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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