REI Lense

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$2,036 (target)

14597 Common Rd, Warren, MI 48088

3 beds • 2 baths • 2466 sqft

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This property looks like a bad Long-Term investment with a projected -6.89% first-year return on $56,931 initial cash invested.

-6.89%

Cash On Cash

5.07%

Cap Rate

0.84

DSCR

$2,036

Rent

-$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,036 income − $2,363 expenses = $327 out of pocket

Income$2,036Out of Pocket$327Mortgage P&I$1,37067%Property Taxes$36718%Insurance$965%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,931

Downpayment

20%

$54,220

Closing costs

1%

$2,711

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,036

Total Expenses

$2,363

Mortgage P&I

67%

$1,370

Property Taxes

18%

$367

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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