REI Lense

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$3,675 (target)

19741 Mount Vernon Dr, Macomb, MI 48044

3 beds • 3 baths • 2399 sqft

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This property looks like a bad Mid-Term investment with a projected -8.01% first-year return on $123k initial cash invested.

-8.01%

Cash On Cash

4.62%

Cap Rate

0.74

DSCR

$3,675

Rent

-$819

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,675 income − $4,494 expenses = $819 out of pocket

Income$3,675Out of Pocket$819Mortgage P&I$2,59171%Property Taxes$46813%Insurance$1755%HOA$11Management$44112%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40411%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,780

Closing costs

1%

$4,989

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,675

Total Expenses

$4,494

Mortgage P&I

71%

$2,591

Property Taxes

13%

$468

Home Insurance

5%

$175

HOA

0%

$11

Property Management

12%

$441

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$404

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