REI Lense

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$3,572 (target)

20001 S Riverhill Dr, Clinton Township, MI 48036

3 beds • 2 baths • 2132 sqft

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This property looks like a bad Mid-Term investment with a projected -5.45% first-year return on $102k initial cash invested.

-5.45%

Cash On Cash

5.69%

Cap Rate

0.86

DSCR

$3,572

Rent

-$462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,572 income − $4,034 expenses = $462 out of pocket

Income$3,572Out of Pocket$462Mortgage P&I$2,21062%Property Taxes$46713%Insurance$1424%Management$42912%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39311%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,760

Closing costs

1%

$3,988

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,572

Total Expenses

$4,034

Mortgage P&I

62%

$2,210

Property Taxes

13%

$467

Home Insurance

4%

$142

HOA

0%

$0

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$393

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