REI Lense

REI Lense

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$2,328 (target)

93 Lynwood Dr, Battle Creek, MI 49015

3 beds • 3 baths • 1707 sqft

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This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $70,245 initial cash invested.

-11.67%

Cash On Cash

4.61%

Cap Rate

0.69

DSCR

$2,328

Rent

-$683

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,328 income − $3,011 expenses = $683 out of pocket

Income$2,328Out of Pocket$683Mortgage P&I$1,85380%Property Taxes$43419%Insurance$1195%Management$23310%CapEx$1165%Vacancy$1406%Maintenance$1165%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,245

Downpayment

20%

$66,900

Closing costs

1%

$3,345

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,328

Total Expenses

$3,011

Mortgage P&I

80%

$1,853

Property Taxes

19%

$434

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$233

CapEx

5%

$116

Vacancy

6%

$140

Maintenance

5%

$116

Other

0%

$0

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