REI Lense

REI Lense

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$2,345 (target)

2499 Lafay Dr, West Bloomfield, MI 48324

3 beds • 2 baths • 2272 sqft

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This property looks like a bad Long-Term investment with a projected -4.03% first-year return on $66,675 initial cash invested.

-4.03%

Cash On Cash

5.74%

Cap Rate

0.93

DSCR

$2,345

Rent

-$224

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,345 income − $2,569 expenses = $224 out of pocket

Income$2,345Out of Pocket$224Mortgage P&I$1,62669%Property Taxes$23710%Insurance$974%Management$23410%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

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Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,675

Downpayment

20%

$63,500

Closing costs

1%

$3,175

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,345

Total Expenses

$2,569

Mortgage P&I

69%

$1,626

Property Taxes

10%

$237

Home Insurance

4%

$97

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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