REI Lense

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$2,229 (target)

20210 Anita St, Clinton Township, MI 48036

3 beds • 2 baths • 2341 sqft

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This property looks like a bad Long-Term investment with a projected -14.02% first-year return on $82,173 initial cash invested.

-14.02%

Cash On Cash

3.39%

Cap Rate

0.57

DSCR

$2,229

Rent

-$960

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,229 income − $3,189 expenses = $960 out of pocket

Income$2,229Out of Pocket$960Mortgage P&I$1,95388%Property Taxes$51723%Insurance$1406%Management$22310%CapEx$1115%Vacancy$1346%Maintenance$1115%

Investment Breakdown

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Purchase Price

$391k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,173

Downpayment

20%

$78,260

Closing costs

1%

$3,913

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,229

Total Expenses

$3,189

Mortgage P&I

88%

$1,953

Property Taxes

23%

$517

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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