REI Lense

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$4,222 (target)

1937 Carsons Cv, Commerce Township, MI 48390

3 beds • 4 baths • 6215 sqft

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This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $176k initial cash invested.

-13.7%

Cash On Cash

3.37%

Cap Rate

0.57

DSCR

$4,222

Rent

-$2,013

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,222 income − $6,235 expenses = $2,013 out of pocket

Income$4,222Out of Pocket$2,013Mortgage P&I$4,15798%Property Taxes$62715%Insurance$3047%HOA$501%Management$42210%CapEx$2115%Vacancy$2536%Maintenance$2115%

Investment Breakdown

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Purchase Price

$839k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$176k

Downpayment

20%

$168k

Closing costs

1%

$8,394

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,222

Total Expenses

$6,235

Mortgage P&I

98%

$4,157

Property Taxes

15%

$627

Home Insurance

7%

$304

HOA

1%

$50

Property Management

10%

$422

CapEx

5%

$211

Vacancy

6%

$253

Maintenance

5%

$211

Other

0%

$0

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