REI Lense

REI Lense

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$2,266 (target)

9651 S River Rd, Cheboygan, MI 49721

3 beds • 2 baths • 1843 sqft

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This property looks like a bad Long-Term investment with a projected -8.99% first-year return on $83,790 initial cash invested.

-8.99%

Cash On Cash

4.53%

Cap Rate

0.75

DSCR

$2,266

Rent

-$628

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,266 income − $2,894 expenses = $628 out of pocket

Income$2,266Out of Pocket$628Mortgage P&I$2,02189%Property Taxes$1446%Insurance$1406%Management$22710%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,790

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,266

Total Expenses

$2,894

Mortgage P&I

89%

$2,021

Property Taxes

6%

$144

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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