REI Lense

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$5,080 (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 Mid-Term investment with a projected -6.08% first-year return on $151k initial cash invested.

-6.08%

Cash On Cash

5.24%

Cap Rate

0.83

DSCR

$5,080

Rent

-$765

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,080 income − $5,845 expenses = $765 out of pocket

Income$5,080Out of Pocket$765Mortgage P&I$3,33166%Property Taxes$55511%Insurance$2295%HOA$3Management$61012%CapEx$2034%Vacancy$1523%Maintenance$2034%Other$55911%

Investment Breakdown

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Purchase Price

$634k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$151k

Downpayment

20%

$127k

Closing costs

1%

$6,338

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,080

Total Expenses

$5,845

Mortgage P&I

66%

$3,331

Property Taxes

11%

$555

Home Insurance

5%

$229

HOA

0%

$3

Property Management

12%

$610

CapEx

4%

$203

Vacancy

3%

$152

Maintenance

4%

$203

Other

11%

$559

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