REI Lense

REI Lense

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$2,291 (target)

2495 Walce Dr, West Bloomfield, MI 48324

3 beds • 2 baths • 1498 sqft

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This property looks like a bad Long-Term investment with a projected -0.67% first-year return on $55,629 initial cash invested.

-0.67%

Cash On Cash

6.48%

Cap Rate

1.06

DSCR

$2,291

Rent

-$31

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,291 income − $2,322 expenses = $31 out of pocket

Income$2,291Out of Pocket$31Mortgage P&I$1,34759%Property Taxes$28512%Insurance$944%Management$22910%CapEx$1155%Vacancy$1376%Maintenance$1155%

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,629

Downpayment

20%

$52,980

Closing costs

1%

$2,649

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,291

Total Expenses

$2,322

Mortgage P&I

59%

$1,347

Property Taxes

12%

$285

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$115

Vacancy

6%

$137

Maintenance

5%

$115

Other

0%

$0

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