REI Lense

REI Lense

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$3,387 (target)

1050 Top View Rd, Bloomfield Hills, MI 48304

3 beds • 3 baths • 2823 sqft

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This property looks like a bad Long-Term investment with a projected -14.52% first-year return on $133k initial cash invested.

-14.52%

Cash On Cash

3.58%

Cap Rate

0.57

DSCR

$3,387

Rent

-$1,611

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,387 income − $4,998 expenses = $1,611 out of pocket

Income$3,387Out of Pocket$1,611Mortgage P&I$3,33198%Property Taxes$55516%Insurance$2297%HOA$3Management$33910%CapEx$1695%Vacancy$2036%Maintenance$1695%

Investment Breakdown

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Purchase Price

$634k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$127k

Closing costs

1%

$6,338

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,387

Total Expenses

$4,998

Mortgage P&I

98%

$3,331

Property Taxes

16%

$555

Home Insurance

7%

$229

HOA

0%

$3

Property Management

10%

$339

CapEx

5%

$169

Vacancy

6%

$203

Maintenance

5%

$169

Other

0%

$0

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