REI Lense

REI Lense

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$2,617 (target)

1115 Torpey Dr, Troy, MI 48083

3 beds • 2 baths • 1974 sqft

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This property looks like a bad Long-Term investment with a projected -14.22% first-year return on $102k initial cash invested.

-14.22%

Cash On Cash

3.96%

Cap Rate

0.6

DSCR

$2,617

Rent

-$1,210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,617 income − $3,827 expenses = $1,210 out of pocket

Income$2,617Out of Pocket$1,210Mortgage P&I$2,685103%Property Taxes$28811%Insurance$1737%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

|

Purchase Price

$486k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,280

Closing costs

1%

$4,864

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,617

Total Expenses

$3,827

Mortgage P&I

103%

$2,685

Property Taxes

11%

$288

Home Insurance

7%

$173

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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