REI Lense

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$4,356 (target)

1918 Grasmere Ln, Wixom, MI 48393

3 beds • 3 baths • 3038 sqft

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This property looks like a bad Mid-Term investment with a projected -4.94% first-year return on $118k initial cash invested.

-4.94%

Cash On Cash

5.84%

Cap Rate

0.88

DSCR

$4,356

Rent

-$485

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,356 income − $4,841 expenses = $485 out of pocket

Income$4,356Out of Pocket$485Mortgage P&I$2,62460%Property Taxes$56113%Insurance$1614%HOA$14Management$52312%CapEx$1744%Vacancy$1313%Maintenance$1744%Other$47911%

Investment Breakdown

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Purchase Price

$476k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,100

Closing costs

1%

$4,755

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,356

Total Expenses

$4,841

Mortgage P&I

60%

$2,624

Property Taxes

13%

$561

Home Insurance

4%

$161

HOA

0%

$14

Property Management

12%

$523

CapEx

4%

$174

Vacancy

3%

$131

Maintenance

4%

$174

Other

11%

$479

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