REI Lense

REI Lense

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$1,723 (target)

16037 Larkspur St, Roseville, MI 48066

3 beds • 2 baths • 1946 sqft

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This property looks like a bad Long-Term investment with a projected -18.68% first-year return on $57,435 initial cash invested.

-18.68%

Cash On Cash

2.85%

Cap Rate

0.45

DSCR

$1,723

Rent

-$894

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,723 income − $2,617 expenses = $894 out of pocket

Income$1,723Out of Pocket$894Mortgage P&I$1,45885%Property Taxes$61436%Insurance$986%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$274k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,435

Downpayment

20%

$54,700

Closing costs

1%

$2,735

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,723

Total Expenses

$2,617

Mortgage P&I

85%

$1,458

Property Taxes

36%

$614

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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