REI Lense

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$2,274 (target)

12789 Twelve Mile Rd, South Lyon, MI 48178

3 beds • 2 baths • 3429 sqft

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This property looks like a bad Long-Term investment with a projected -18.17% first-year return on $121k initial cash invested.

-18.17%

Cash On Cash

2.51%

Cap Rate

0.41

DSCR

$2,274

Rent

-$1,828

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,274 income − $4,102 expenses = $1,828 out of pocket

Income$2,274Out of Pocket$1,828Mortgage P&I$2,916128%Property Taxes$39417%Insurance$2019%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

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Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$115k

Closing costs

1%

$5,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,274

Total Expenses

$4,102

Mortgage P&I

128%

$2,916

Property Taxes

17%

$394

Home Insurance

9%

$201

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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