REI Lense

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$3,604 (target)

1890 Spruce Dr, Commerce Township, MI 48390

3 beds • 4 baths • 3391 sqft

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This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $158k initial cash invested.

-13.52%

Cash On Cash

3.48%

Cap Rate

0.58

DSCR

$3,604

Rent

-$1,775

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,604 income − $5,379 expenses = $1,775 out of pocket

Income$3,604Out of Pocket$1,775Mortgage P&I$3,769105%Property Taxes$40511%Insurance$2627%HOA$7Management$36010%CapEx$1805%Vacancy$2166%Maintenance$1805%

Investment Breakdown

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Purchase Price

$750k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$158k

Downpayment

20%

$150k

Closing costs

1%

$7,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,604

Total Expenses

$5,379

Mortgage P&I

105%

$3,769

Property Taxes

11%

$405

Home Insurance

7%

$262

HOA

0%

$7

Property Management

10%

$360

CapEx

5%

$180

Vacancy

6%

$216

Maintenance

5%

$180

Other

0%

$0

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