REI Lense

REI Lense

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$2,262 (target)

1910 Alton Cir, Commerce Township, MI 48390

3 beds • 2 baths • 1706 sqft

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This property looks like a bad Long-Term investment with a projected -6.08% first-year return on $61,929 initial cash invested.

-6.08%

Cash On Cash

5.57%

Cap Rate

0.87

DSCR

$2,262

Rent

-$314

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,262 income − $2,576 expenses = $314 out of pocket

Income$2,262Out of Pocket$314Mortgage P&I$1,56969%Property Taxes$31414%Insurance$1055%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,929

Downpayment

20%

$58,980

Closing costs

1%

$2,949

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,262

Total Expenses

$2,576

Mortgage P&I

69%

$1,569

Property Taxes

14%

$314

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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