REI Lense

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$2,584 (target)

16037 Larkspur St, Roseville, MI 48066

3 beds • 2 baths • 1946 sqft

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This property looks like a bad Mid-Term investment with a projected -7.38% first-year return on $75,435 initial cash invested.

-7.38%

Cash On Cash

4.81%

Cap Rate

0.75

DSCR

$2,584

Rent

-$464

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,584 income − $3,048 expenses = $464 out of pocket

Income$2,584Out of Pocket$464Mortgage P&I$1,45856%Property Taxes$61424%Insurance$984%Management$31012%CapEx$1034%Vacancy$783%Maintenance$1034%Other$28411%

Investment Breakdown

|

Purchase Price

$274k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,435

Downpayment

20%

$54,700

Closing costs

1%

$2,735

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,584

Total Expenses

$3,048

Mortgage P&I

56%

$1,458

Property Taxes

24%

$614

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$310

CapEx

4%

$103

Vacancy

3%

$78

Maintenance

4%

$103

Other

11%

$284

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