REI Lense

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$2,595 (target)

2351 Recreation Dr, West Bloomfield, MI 48324

3 beds • 3 baths • 2279 sqft

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This property looks like a bad Long-Term investment with a projected -11.49% first-year return on $92,211 initial cash invested.

-11.49%

Cash On Cash

4.07%

Cap Rate

0.66

DSCR

$2,595

Rent

-$883

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,595 income − $3,478 expenses = $883 out of pocket

Income$2,595Out of Pocket$883Mortgage P&I$2,24286%Property Taxes$40215%Insurance$1586%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,211

Downpayment

20%

$87,820

Closing costs

1%

$4,391

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,595

Total Expenses

$3,478

Mortgage P&I

86%

$2,242

Property Taxes

15%

$402

Home Insurance

6%

$158

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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