REI Lense

REI Lense

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$1,579 (target)

26540 Hoover Rd, Warren, MI 48089

3 beds • 2 baths • 1805 sqft

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This property looks like a bad Long-Term investment with a projected -13.14% first-year return on $43,365 initial cash invested.

-13.14%

Cash On Cash

4.12%

Cap Rate

0.64

DSCR

$1,579

Rent

-$475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,579 income − $2,054 expenses = $475 out of pocket

Income$1,579Out of Pocket$475Mortgage P&I$1,10570%Property Taxes$46830%Insurance$704%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$207k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,365

Downpayment

20%

$41,300

Closing costs

1%

$2,065

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,579

Total Expenses

$2,054

Mortgage P&I

70%

$1,105

Property Taxes

30%

$468

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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