REI Lense

REI Lense

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$2,572 (target)

2120 Arbor Ave, Wixom, MI 48393

3 beds • 2 baths • 2305 sqft

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This property looks like a bad Long-Term investment with a projected -5.38% first-year return on $77,679 initial cash invested.

-5.38%

Cash On Cash

5.32%

Cap Rate

0.88

DSCR

$2,572

Rent

-$348

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,572 income − $2,920 expenses = $348 out of pocket

Income$2,572Out of Pocket$348Mortgage P&I$1,85872%Property Taxes$26310%Insurance$1305%Management$25710%CapEx$1295%Vacancy$1546%Maintenance$1295%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,572

Total Expenses

$2,920

Mortgage P&I

72%

$1,858

Property Taxes

10%

$263

Home Insurance

5%

$130

HOA

0%

$0

Property Management

10%

$257

CapEx

5%

$129

Vacancy

6%

$154

Maintenance

5%

$129

Other

0%

$0

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