REI Lense

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$3,481 (target)

2533 Spring Grove Dr, Brighton, MI 48114

3 beds • 3 baths • 3012 sqft

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This property looks like a bad Long-Term investment with a projected -12.73% first-year return on $152k initial cash invested.

-12.73%

Cash On Cash

3.53%

Cap Rate

0.6

DSCR

$3,481

Rent

-$1,615

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,481 income − $5,096 expenses = $1,615 out of pocket

Income$3,481Out of Pocket$1,615Mortgage P&I$3,571103%Property Taxes$36611%Insurance$2547%Management$34810%CapEx$1745%Vacancy$2096%Maintenance$1745%

Investment Breakdown

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Purchase Price

$725k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$145k

Closing costs

1%

$7,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,481

Total Expenses

$5,096

Mortgage P&I

103%

$3,571

Property Taxes

11%

$366

Home Insurance

7%

$254

HOA

0%

$0

Property Management

10%

$348

CapEx

5%

$174

Vacancy

6%

$209

Maintenance

5%

$174

Other

0%

$0

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