REI Lense

REI Lense

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$3,309 (target)

1197 Kinlock Dr, Troy, MI 48098

3 beds • 3 baths • 2700 sqft

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This property looks like a bad Long-Term investment with a projected -17.48% first-year return on $136k initial cash invested.

-17.48%

Cash On Cash

2.74%

Cap Rate

0.45

DSCR

$3,309

Rent

-$1,979

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,309 income − $5,288 expenses = $1,979 out of pocket

Income$3,309Out of Pocket$1,979Mortgage P&I$3,29099%Property Taxes$91228%Insurance$2227%HOA$4Management$33110%CapEx$1655%Vacancy$1996%Maintenance$1655%

Investment Breakdown

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Purchase Price

$647k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$129k

Closing costs

1%

$6,469

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,309

Total Expenses

$5,288

Mortgage P&I

99%

$3,290

Property Taxes

28%

$912

Home Insurance

7%

$222

HOA

0%

$4

Property Management

10%

$331

CapEx

5%

$165

Vacancy

6%

$199

Maintenance

5%

$165

Other

0%

$0

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