REI Lense

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$1,517 (target)

11927 Engleman Rd, Warren, MI 48089

3 beds • 2 baths • 1560 sqft

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This property looks like a bad Long-Term investment with a projected -4.88% first-year return on $40,068 initial cash invested.

-4.88%

Cash On Cash

5.91%

Cap Rate

0.92

DSCR

$1,517

Rent

-$163

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,517 income − $1,680 expenses = $163 out of pocket

Income$1,517Out of Pocket$163Mortgage P&I$1,02668%Property Taxes$17912%Insurance$805%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$191k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,068

Downpayment

20%

$38,160

Closing costs

1%

$1,908

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,517

Total Expenses

$1,680

Mortgage P&I

68%

$1,026

Property Taxes

12%

$179

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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