REI Lense

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$2,256 (target)

261 Preston Ave, Waterford, MI 48328

3 beds • 2 baths • 1652 sqft

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This property looks like a bad Long-Term investment with a projected -6.73% first-year return on $57,225 initial cash invested.

-6.73%

Cash On Cash

5.71%

Cap Rate

0.86

DSCR

$2,256

Rent

-$321

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,256 income − $2,577 expenses = $321 out of pocket

Income$2,256Out of Pocket$321Mortgage P&I$1,50467%Property Taxes$38817%Insurance$984%Management$22610%CapEx$1135%Vacancy$1356%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$273k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,225

Downpayment

20%

$54,500

Closing costs

1%

$2,725

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,256

Total Expenses

$2,577

Mortgage P&I

67%

$1,504

Property Taxes

17%

$388

Home Insurance

4%

$98

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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