REI Lense

REI Lense

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$2,520 (target)

961 Jolly Rd, Okemos, MI 48864

3 beds • 2 baths • 1911 sqft

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This property looks like a bad Mid-Term investment with a projected -11.15% first-year return on $115k initial cash invested.

-11.15%

Cash On Cash

3.34%

Cap Rate

0.57

DSCR

$2,520

Rent

-$1,065

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,020

Closing costs

1%

$4,601

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,520

Total Expenses

$3,585

Mortgage P&I

89%

$2,244

Property Taxes

13%

$318

Home Insurance

7%

$166

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$277

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