REI Lense

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$2,097 (target)

2523 Watonga Dr, Commerce Township, MI 48382

3 beds • 2 baths • 1449 sqft

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This property looks like a bad Long-Term investment with a projected -4.82% first-year return on $62,979 initial cash invested.

-4.82%

Cash On Cash

5.37%

Cap Rate

0.9

DSCR

$2,097

Rent

-$253

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,097 income − $2,350 expenses = $253 out of pocket

Income$2,097Out of Pocket$253Mortgage P&I$1,49171%Property Taxes$20810%Insurance$1055%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,097

Total Expenses

$2,350

Mortgage P&I

71%

$1,491

Property Taxes

10%

$208

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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