REI Lense

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$5,406 (target)

1890 Spruce Dr, Commerce Township, MI 48390

3 beds • 4 baths • 3391 sqft

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This property looks like a bad Mid-Term investment with a projected -5.98% first-year return on $176k initial cash invested.

-5.98%

Cash On Cash

4.98%

Cap Rate

0.83

DSCR

$5,406

Rent

-$875

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,406 income − $6,281 expenses = $875 out of pocket

Income$5,406Out of Pocket$875Mortgage P&I$3,76970%Property Taxes$4057%Insurance$2625%HOA$7Management$64912%CapEx$2164%Vacancy$1623%Maintenance$2164%Other$59511%

Investment Breakdown

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Purchase Price

$750k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$176k

Downpayment

20%

$150k

Closing costs

1%

$7,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,406

Total Expenses

$6,281

Mortgage P&I

70%

$3,769

Property Taxes

7%

$405

Home Insurance

5%

$262

HOA

0%

$7

Property Management

12%

$649

CapEx

4%

$216

Vacancy

3%

$162

Maintenance

4%

$216

Other

11%

$595

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