REI Lense

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$1,766 (target)

15623 Millar Rd, Clinton Township, MI 48036

3 beds • 3 baths • 2007 sqft

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This property looks like a bad Long-Term investment with a projected -22.75% first-year return on $115k initial cash invested.

-22.75%

Cash On Cash

1.29%

Cap Rate

0.22

DSCR

$1,766

Rent

-$2,186

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

$115k

Downpayment

20%

$110k

Closing costs

1%

$5,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,766

Total Expenses

$3,952

Mortgage P&I

152%

$2,687

Property Taxes

35%

$614

Home Insurance

11%

$192

HOA

0%

$0

Property Management

10%

$177

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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