REI Lense

REI Lense

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$1,485 (target)

2147 Parliament Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 1050 sqft

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This property looks like a bad Long-Term investment with a projected -14.94% first-year return on $55,356 initial cash invested.

-14.94%

Cash On Cash

3.18%

Cap Rate

0.53

DSCR

$1,485

Rent

-$689

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,485 income − $2,174 expenses = $689 out of pocket

Income$1,485Out of Pocket$689Mortgage P&I$1,31488%Property Taxes$38426%Insurance$916%Management$14810%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,356

Downpayment

20%

$52,720

Closing costs

1%

$2,636

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,485

Total Expenses

$2,174

Mortgage P&I

88%

$1,314

Property Taxes

26%

$384

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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