REI Lense

REI Lense

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$3,896 (target)

10073 Silver Lake Rd, Brighton, MI 48116

3 beds • 3 baths • 2904 sqft

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This property looks like a bad Long-Term investment with a projected -14.85% first-year return on $148k initial cash invested.

-14.85%

Cash On Cash

3.66%

Cap Rate

0.57

DSCR

$3,896

Rent

-$1,827

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,896 income − $5,723 expenses = $1,827 out of pocket

Income$3,896Out of Pocket$1,827Mortgage P&I$3,77597%Property Taxes$68017%Insurance$2547%Management$39010%CapEx$1955%Vacancy$2346%Maintenance$1955%

Investment Breakdown

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Purchase Price

$703k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$141k

Closing costs

1%

$7,030

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,896

Total Expenses

$5,723

Mortgage P&I

97%

$3,775

Property Taxes

17%

$680

Home Insurance

7%

$254

HOA

0%

$0

Property Management

10%

$390

CapEx

5%

$195

Vacancy

6%

$234

Maintenance

5%

$195

Other

0%

$0

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