REI Lense

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$1,718 (target)

26649 Groveland St, Madison Heights, MI 48071

3 beds • 2 baths • 2204 sqft

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This property looks like a bad Long-Term investment with a projected -13.58% first-year return on $55,776 initial cash invested.

-13.58%

Cash On Cash

3.99%

Cap Rate

0.62

DSCR

$1,718

Rent

-$631

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,718 income − $2,349 expenses = $631 out of pocket

Income$1,718Out of Pocket$631Mortgage P&I$1,42883%Property Taxes$38823%Insurance$865%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

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Purchase Price

$266k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,776

Downpayment

20%

$53,120

Closing costs

1%

$2,656

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,718

Total Expenses

$2,349

Mortgage P&I

83%

$1,428

Property Taxes

23%

$388

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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