REI Lense

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$4,297 (target)

2000 Matthew St, Commerce Township, MI 48390

3 beds • 3 baths • 2834 sqft

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This property looks like a bad Long-Term investment with a projected -1.77% first-year return on $104k initial cash invested.

-1.77%

Cash On Cash

6.36%

Cap Rate

1.02

DSCR

$4,297

Rent

-$154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,297 income − $4,451 expenses = $154 out of pocket

Income$4,297Out of Pocket$154Mortgage P&I$2,57160%Property Taxes$58414%Insurance$1784%Management$43010%CapEx$2155%Vacancy$2586%Maintenance$2155%

Investment Breakdown

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Purchase Price

$497k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$99,360

Closing costs

1%

$4,968

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,297

Total Expenses

$4,451

Mortgage P&I

60%

$2,571

Property Taxes

14%

$584

Home Insurance

4%

$178

HOA

0%

$0

Property Management

10%

$430

CapEx

5%

$215

Vacancy

6%

$258

Maintenance

5%

$215

Other

0%

$0

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