REI Lense

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$3,017 (target)

2626 W Wattles Rd, Troy, MI 48098

3 beds • 2 baths • 4689 sqft

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This property looks like a bad Long-Term investment with a projected -17.98% first-year return on $152k initial cash invested.

-17.98%

Cash On Cash

2.53%

Cap Rate

0.42

DSCR

$3,017

Rent

-$2,283

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,017 income − $5,300 expenses = $2,283 out of pocket

Income$3,017Out of Pocket$2,283Mortgage P&I$3,661121%Property Taxes$59220%Insurance$2629%Management$30210%CapEx$1515%Vacancy$1816%Maintenance$1515%

Investment Breakdown

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Purchase Price

$726k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$145k

Closing costs

1%

$7,256

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,017

Total Expenses

$5,300

Mortgage P&I

121%

$3,661

Property Taxes

20%

$592

Home Insurance

9%

$262

HOA

0%

$0

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$181

Maintenance

5%

$151

Other

0%

$0

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