REI Lense

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$3,926 (target)

1115 Torpey Dr, Troy, MI 48083

3 beds • 2 baths • 1974 sqft

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This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $120k initial cash invested.

-5.54%

Cash On Cash

5.64%

Cap Rate

0.85

DSCR

$3,926

Rent

-$555

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,926 income − $4,481 expenses = $555 out of pocket

Income$3,926Out of Pocket$555Mortgage P&I$2,68568%Property Taxes$2887%Insurance$1734%Management$47112%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43211%

Investment Breakdown

|

Purchase Price

$486k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,280

Closing costs

1%

$4,864

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,926

Total Expenses

$4,481

Mortgage P&I

68%

$2,685

Property Taxes

7%

$288

Home Insurance

4%

$173

HOA

0%

$0

Property Management

12%

$471

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$432

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