REI Lense

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$2,702 (target)

23548 Kim Dr, Clinton Township, MI 48035

3 beds • 2 baths • 1580 sqft

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This property looks like a bad Mid-Term investment with a projected -3.14% first-year return on $85,200 initial cash invested.

-3.14%

Cash On Cash

5.56%

Cap Rate

0.93

DSCR

$2,702

Rent

-$223

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,702 income − $2,925 expenses = $223 out of pocket

Income$2,702Out of Pocket$223Mortgage P&I$1,59759%Property Taxes$29811%Insurance$1124%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,702

Total Expenses

$2,925

Mortgage P&I

59%

$1,597

Property Taxes

11%

$298

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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