REI Lense

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$2,065 (target)

2642 Littletell Ave, West Bloomfield, MI 48324

3 beds • 2 baths • 1530 sqft

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This property looks like a bad Long-Term investment with a projected -8.25% first-year return on $61,383 initial cash invested.

-8.25%

Cash On Cash

4.77%

Cap Rate

0.78

DSCR

$2,065

Rent

-$422

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,065 income − $2,487 expenses = $422 out of pocket

Income$2,065Out of Pocket$422Mortgage P&I$1,48172%Property Taxes$36518%Insurance$1055%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,383

Downpayment

20%

$58,460

Closing costs

1%

$2,923

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,065

Total Expenses

$2,487

Mortgage P&I

72%

$1,481

Property Taxes

18%

$365

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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