REI Lense

REI Lense

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$2,718 (target)

983 N Riverside Ave, Saint Clair, MI 48079

3 beds • 4 baths • 3308 sqft

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This property looks like a bad Long-Term investment with a projected -14.96% first-year return on $106k initial cash invested.

-14.96%

Cash On Cash

3.13%

Cap Rate

0.53

DSCR

$2,718

Rent

-$1,316

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,718 income − $4,034 expenses = $1,316 out of pocket

Income$2,718Out of Pocket$1,316Mortgage P&I$2,49092%Property Taxes$59922%Insurance$2389%Management$27210%CapEx$1365%Vacancy$1636%Maintenance$1365%

Investment Breakdown

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Purchase Price

$503k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,028

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,718

Total Expenses

$4,034

Mortgage P&I

92%

$2,490

Property Taxes

22%

$599

Home Insurance

9%

$238

HOA

0%

$0

Property Management

10%

$272

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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