REI Lense

REI Lense

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$2,284 (target)

2348 Pine Lake Rd, West Bloomfield, MI 48324

3 beds • 2 baths • 2352 sqft

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This property looks like a bad Long-Term investment with a projected -13.54% first-year return on $99,708 initial cash invested.

-13.54%

Cash On Cash

3.43%

Cap Rate

0.57

DSCR

$2,284

Rent

-$1,125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,284 income − $3,409 expenses = $1,125 out of pocket

Income$2,284Out of Pocket$1,125Mortgage P&I$2,368104%Property Taxes$27312%Insurance$1758%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,708

Downpayment

20%

$94,960

Closing costs

1%

$4,748

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,284

Total Expenses

$3,409

Mortgage P&I

104%

$2,368

Property Taxes

12%

$273

Home Insurance

8%

$175

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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