REI Lense

REI Lense

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$3,996 (target)

2630 Warner Dr, West Bloomfield, MI 48324

3 beds • 2 baths • 2672 sqft

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This property looks like a bad Mid-Term investment with a projected -8.92% first-year return on $133k initial cash invested.

-8.92%

Cash On Cash

4.02%

Cap Rate

0.69

DSCR

$3,996

Rent

-$987

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

$133k

Downpayment

20%

$109k

Closing costs

1%

$5,469

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,996

Total Expenses

$4,983

Mortgage P&I

67%

$2,660

Property Taxes

13%

$535

Home Insurance

5%

$203

HOA

6%

$225

Property Management

12%

$480

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$440

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