REI Lense

REI Lense

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$3,345 (target)

26631 Triple Crown Ct, South Lyon, MI 48178

3 beds • 3 baths • 2287 sqft

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This property looks like a bad Long-Term investment with a projected -18.03% first-year return on $126k initial cash invested.

-18.03%

Cash On Cash

3.31%

Cap Rate

0.49

DSCR

$3,345

Rent

-$1,887

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,345 income − $5,232 expenses = $1,887 out of pocket

Income$3,345Out of Pocket$1,887Mortgage P&I$3,369101%Property Taxes$66820%Insurance$2096%HOA$1173%Management$33410%CapEx$1675%Vacancy$2016%Maintenance$1675%

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,980

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,345

Total Expenses

$5,232

Mortgage P&I

101%

$3,369

Property Taxes

20%

$668

Home Insurance

6%

$209

HOA

4%

$117

Property Management

10%

$334

CapEx

5%

$167

Vacancy

6%

$201

Maintenance

5%

$167

Other

0%

$0

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