REI Lense

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$3,328 (target)

21940 Wendell St, Clinton Township, MI 48036

3 beds • 3 baths • 1950 sqft

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This property looks like a bad Mid-Term investment with a projected -1.04% first-year return on $78,333 initial cash invested.

-1.04%

Cash On Cash

6.67%

Cap Rate

1.04

DSCR

$3,328

Rent

-$68

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,328 income − $3,396 expenses = $68 out of pocket

Income$3,328Out of Pocket$68Mortgage P&I$1,53246%Property Taxes$62819%Insurance$1053%Management$39912%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36611%

Investment Breakdown

|

Purchase Price

$287k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,333

Downpayment

20%

$57,460

Closing costs

1%

$2,873

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,328

Total Expenses

$3,396

Mortgage P&I

46%

$1,532

Property Taxes

19%

$628

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$399

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$366

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