REI Lense

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$3,892 (target)

2351 Recreation Dr, West Bloomfield, MI 48324

3 beds • 3 baths • 2279 sqft

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This property looks like a bad Mid-Term investment with a projected -2.55% first-year return on $110k initial cash invested.

-2.55%

Cash On Cash

5.91%

Cap Rate

0.97

DSCR

$3,892

Rent

-$234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,892 income − $4,126 expenses = $234 out of pocket

Income$3,892Out of Pocket$234Mortgage P&I$2,24258%Property Taxes$40210%Insurance$1584%Management$46712%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$42811%

Investment Breakdown

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Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,820

Closing costs

1%

$4,391

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,892

Total Expenses

$4,126

Mortgage P&I

58%

$2,242

Property Taxes

10%

$402

Home Insurance

4%

$158

HOA

0%

$0

Property Management

12%

$467

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$428

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