REI Lense

REI Lense

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$3,537 (target)

2326 Highsplint Dr, Rochester Hills, MI 48307

3 beds • 2 baths • 1626 sqft

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This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $108k initial cash invested.

-5.1%

Cash On Cash

5.37%

Cap Rate

0.86

DSCR

$3,537

Rent

-$459

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,537 income − $3,996 expenses = $459 out of pocket

Income$3,537Out of Pocket$459Mortgage P&I$2,23663%Property Taxes$39811%Insurance$1544%HOA$7Management$42412%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38911%

Investment Breakdown

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Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,680

Closing costs

1%

$4,284

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,537

Total Expenses

$3,996

Mortgage P&I

63%

$2,236

Property Taxes

11%

$398

Home Insurance

4%

$154

HOA

0%

$7

Property Management

12%

$424

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$389

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