REI Lense

REI Lense

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$2,605 (target)

920 E Caroline St, Fenton, MI 48430

3 beds • 3 baths • 2234 sqft

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This property looks like a bad Long-Term investment with a projected -9.47% first-year return on $75,642 initial cash invested.

-9.47%

Cash On Cash

4.67%

Cap Rate

0.75

DSCR

$2,605

Rent

-$597

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,605 income − $3,202 expenses = $597 out of pocket

Income$2,605Out of Pocket$597Mortgage P&I$1,87072%Property Taxes$50119%Insurance$1225%HOA$331%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,642

Downpayment

20%

$72,040

Closing costs

1%

$3,602

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,605

Total Expenses

$3,202

Mortgage P&I

72%

$1,870

Property Taxes

19%

$501

Home Insurance

5%

$122

HOA

1%

$33

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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