REI Lense

REI Lense

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$2,887 (target)

1726 Weyhill Dr, Wixom, MI 48393

3 beds • 3 baths • 2847 sqft

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This property looks like a bad Long-Term investment with a projected -7.98% first-year return on $81,921 initial cash invested.

-7.98%

Cash On Cash

5%

Cap Rate

0.8

DSCR

$2,887

Rent

-$545

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,887 income − $3,432 expenses = $545 out of pocket

Income$2,887Out of Pocket$545Mortgage P&I$2,02670%Property Taxes$49517%Insurance$1405%HOA$211%Management$28910%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,921

Downpayment

20%

$78,020

Closing costs

1%

$3,901

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,887

Total Expenses

$3,432

Mortgage P&I

70%

$2,026

Property Taxes

17%

$495

Home Insurance

5%

$140

HOA

1%

$21

Property Management

10%

$289

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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