REI Lense

REI Lense

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$1,532 (target)

16222 Hillsbriar Dr, Romulus, MI 48174

3 beds • 2 baths • 936 sqft

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This property looks like a bad Long-Term investment with a projected -4.73% first-year return on $38,094 initial cash invested.

-4.73%

Cash On Cash

5.99%

Cap Rate

0.93

DSCR

$1,532

Rent

-$150

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,532 income − $1,682 expenses = $150 out of pocket

Income$1,532Out of Pocket$150Mortgage P&I$97864%Property Taxes$22615%Insurance$795%Management$15310%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$181k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,094

Downpayment

20%

$36,280

Closing costs

1%

$1,814

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,532

Total Expenses

$1,682

Mortgage P&I

64%

$978

Property Taxes

15%

$226

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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