REI Lense

REI Lense

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$2,664 (target)

2630 Warner Dr, West Bloomfield, MI 48324

3 beds • 2 baths • 2672 sqft

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This property looks like a bad Long-Term investment with a projected -17.25% first-year return on $115k initial cash invested.

-17.25%

Cash On Cash

2.51%

Cap Rate

0.43

DSCR

$2,664

Rent

-$1,651

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$547k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$109k

Closing costs

1%

$5,469

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,664

Total Expenses

$4,315

Mortgage P&I

100%

$2,660

Property Taxes

20%

$535

Home Insurance

8%

$203

HOA

8%

$225

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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