REI Lense

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$2,985 (target)

2135 Holly Berry Ln, Commerce Township, MI 48390

3 beds • 3 baths • 2725 sqft

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This property looks like a bad Long-Term investment with a projected -6.86% first-year return on $90,552 initial cash invested.

-6.86%

Cash On Cash

5.21%

Cap Rate

0.84

DSCR

$2,985

Rent

-$518

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,985 income − $3,503 expenses = $518 out of pocket

Income$2,985Out of Pocket$518Mortgage P&I$2,24075%Property Taxes$31711%Insurance$1545%HOA$171%Management$29810%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

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Purchase Price

$431k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,552

Downpayment

20%

$86,240

Closing costs

1%

$4,312

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,985

Total Expenses

$3,503

Mortgage P&I

75%

$2,240

Property Taxes

11%

$317

Home Insurance

5%

$154

HOA

1%

$17

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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