REI Lense

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$3,426 (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 Mid-Term investment with a projected -5.66% first-year return on $118k initial cash invested.

-5.66%

Cash On Cash

4.93%

Cap Rate

0.82

DSCR

$3,426

Rent

-$555

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,426 income − $3,981 expenses = $555 out of pocket

Income$3,426Out of Pocket$555Mortgage P&I$2,36869%Property Taxes$2738%Insurance$1755%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,960

Closing costs

1%

$4,748

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,426

Total Expenses

$3,981

Mortgage P&I

69%

$2,368

Property Taxes

8%

$273

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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