REI Lense

REI Lense

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$4,792 (target)

21972 Majestic Dr, Macomb, MI 48044

3 beds • 3 baths • 2391 sqft

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This property looks like a bad Mid-Term investment with a projected -7.62% first-year return on $148k initial cash invested.

-7.62%

Cash On Cash

4.53%

Cap Rate

0.76

DSCR

$4,792

Rent

-$942

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$621k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$124k

Closing costs

1%

$6,207

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,792

Total Expenses

$5,734

Mortgage P&I

65%

$3,095

Property Taxes

16%

$743

Home Insurance

5%

$220

HOA

1%

$46

Property Management

12%

$575

CapEx

4%

$192

Vacancy

3%

$144

Maintenance

4%

$192

Other

11%

$527

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