REI Lense

REI Lense

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$2,329 (target)

9650 Woodland Ct, Ypsilanti, MI 48197

3 beds • 2 baths • 1560 sqft

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This property looks like a bad Long-Term investment with a projected -2.41% first-year return on $61,845 initial cash invested.

-2.41%

Cash On Cash

5.96%

Cap Rate

0.99

DSCR

$2,329

Rent

-$124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,329 income − $2,453 expenses = $124 out of pocket

Income$2,329Out of Pocket$124Mortgage P&I$1,47063%Property Taxes$26411%Insurance$1145%Management$23310%CapEx$1165%Vacancy$1406%Maintenance$1165%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,845

Downpayment

20%

$58,900

Closing costs

1%

$2,945

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,329

Total Expenses

$2,453

Mortgage P&I

63%

$1,470

Property Taxes

11%

$264

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$233

CapEx

5%

$116

Vacancy

6%

$140

Maintenance

5%

$116

Other

0%

$0

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