REI Lense

REI Lense

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$1,681 (target)

16965 Huntington Woods Dr, Macomb, MI 48042

3 beds • 3 baths • 2588 sqft

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This property looks like a bad Long-Term investment with a projected -20.95% first-year return on $102k initial cash invested.

-20.95%

Cash On Cash

1.74%

Cap Rate

0.29

DSCR

$1,681

Rent

-$1,777

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,681 income − $3,458 expenses = $1,777 out of pocket

Income$1,681Out of Pocket$1,777Mortgage P&I$2,396143%Property Taxes$44827%Insurance$17310%HOA$4Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$96,920

Closing costs

1%

$4,846

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,681

Total Expenses

$3,458

Mortgage P&I

143%

$2,396

Property Taxes

27%

$448

Home Insurance

10%

$173

HOA

0%

$4

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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