REI Lense

REI Lense

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$2,045 (target)

21660 Roosevelt Ave, Farmington Hills, MI 48336

3 beds • 2 baths • 1119 sqft

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This property looks like a bad Long-Term investment with a projected -6.08% first-year return on $56,070 initial cash invested.

-6.08%

Cash On Cash

5.52%

Cap Rate

0.87

DSCR

$2,045

Rent

-$284

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,070

Downpayment

20%

$53,400

Closing costs

1%

$2,670

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,045

Total Expenses

$2,329

Mortgage P&I

69%

$1,411

Property Taxes

15%

$312

Home Insurance

4%

$75

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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