REI Lense

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$4,526 (target)

2626 W Wattles Rd, Troy, MI 48098

3 beds • 2 baths • 4689 sqft

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This property looks like a bad Mid-Term investment with a projected -10.76% first-year return on $170k initial cash invested.

-10.76%

Cash On Cash

3.83%

Cap Rate

0.63

DSCR

$4,526

Rent

-$1,528

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,526 income − $6,054 expenses = $1,528 out of pocket

Income$4,526Out of Pocket$1,528Mortgage P&I$3,66181%Property Taxes$59213%Insurance$2626%Management$54312%CapEx$1814%Vacancy$1363%Maintenance$1814%Other$49811%

Investment Breakdown

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Purchase Price

$726k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$170k

Downpayment

20%

$145k

Closing costs

1%

$7,256

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,526

Total Expenses

$6,054

Mortgage P&I

81%

$3,661

Property Taxes

13%

$592

Home Insurance

6%

$262

HOA

0%

$0

Property Management

12%

$543

CapEx

4%

$181

Vacancy

3%

$136

Maintenance

4%

$181

Other

11%

$498

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