REI Lense

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$3,354 (target)

15589 Winter Park Dr, Macomb, MI 48044

3 beds • 2 baths • 2906 sqft

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This property looks like a bad Mid-Term investment with a projected -1.76% first-year return on $97,611 initial cash invested.

-1.76%

Cash On Cash

5.94%

Cap Rate

1

DSCR

$3,354

Rent

-$143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,354 income − $3,497 expenses = $143 out of pocket

Income$3,354Out of Pocket$143Mortgage P&I$1,88556%Property Taxes$33210%Insurance$1404%Management$40212%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$36911%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,611

Downpayment

20%

$75,820

Closing costs

1%

$3,791

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,354

Total Expenses

$3,497

Mortgage P&I

56%

$1,885

Property Taxes

10%

$332

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$402

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$369

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