REI Lense

REI Lense

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$2,681 (target)

1975 Teaneck Cir, Wixom, MI 48393

3 beds • 3 baths • 2428 sqft

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This property looks like a bad Long-Term investment with a projected -10.06% first-year return on $79,821 initial cash invested.

-10.06%

Cash On Cash

4.82%

Cap Rate

0.74

DSCR

$2,681

Rent

-$669

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,681 income − $3,350 expenses = $669 out of pocket

Income$2,681Out of Pocket$669Mortgage P&I$2,06277%Property Taxes$43416%Insurance$1405%HOA$171%Management$26810%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

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Purchase Price

$380k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,821

Downpayment

20%

$76,020

Closing costs

1%

$3,801

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,681

Total Expenses

$3,350

Mortgage P&I

77%

$2,062

Property Taxes

16%

$434

Home Insurance

5%

$140

HOA

1%

$17

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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