REI Lense

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$2,649 (target)

15623 Millar Rd, Clinton Township, MI 48036

3 beds • 3 baths • 2007 sqft

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This property looks like a bad Mid-Term investment with a projected -15.7% first-year return on $133k initial cash invested.

-15.7%

Cash On Cash

2.29%

Cap Rate

0.39

DSCR

$2,649

Rent

-$1,744

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$549k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$110k

Closing costs

1%

$5,490

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,649

Total Expenses

$4,393

Mortgage P&I

101%

$2,687

Property Taxes

23%

$614

Home Insurance

7%

$192

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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