REI Lense

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$3,768 (target)

23516 Middlebelt Rd, Farmington Hills, MI 48336

3 beds • 2 baths • 2153 sqft

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This property looks like a bad Mid-Term investment with a projected -8.58% first-year return on $113k initial cash invested.

-8.58%

Cash On Cash

4.81%

Cap Rate

0.73

DSCR

$3,768

Rent

-$806

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,768 income − $4,574 expenses = $806 out of pocket

Income$3,768Out of Pocket$806Mortgage P&I$2,46265%Property Taxes$67318%Insurance$1584%Management$45212%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41411%

Investment Breakdown

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Purchase Price

$451k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,220

Closing costs

1%

$4,511

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,768

Total Expenses

$4,574

Mortgage P&I

65%

$2,462

Property Taxes

18%

$673

Home Insurance

4%

$158

HOA

0%

$0

Property Management

12%

$452

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$414

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