REI Lense

REI Lense

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$2,450 (target)

19741 Mount Vernon Dr, Macomb, MI 48044

3 beds • 3 baths • 2399 sqft

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This property looks like a bad Long-Term investment with a projected -16.39% first-year return on $105k initial cash invested.

-16.39%

Cash On Cash

3.08%

Cap Rate

0.49

DSCR

$2,450

Rent

-$1,431

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,450 income − $3,881 expenses = $1,431 out of pocket

Income$2,450Out of Pocket$1,431Mortgage P&I$2,591106%Property Taxes$46819%Insurance$1757%HOA$11Management$24510%CapEx$1225%Vacancy$1476%Maintenance$1225%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$99,780

Closing costs

1%

$4,989

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,450

Total Expenses

$3,881

Mortgage P&I

106%

$2,591

Property Taxes

19%

$468

Home Insurance

7%

$175

HOA

0%

$11

Property Management

10%

$245

CapEx

5%

$122

Vacancy

6%

$147

Maintenance

5%

$122

Other

0%

$0

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