REI Lense

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$2,967 (target)

2700 Middlebelt Rd, West Bloomfield, MI 48324

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Mid-Term investment with a projected -8.22% first-year return on $93,705 initial cash invested.

-8.22%

Cash On Cash

4.31%

Cap Rate

0.71

DSCR

$2,967

Rent

-$642

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,967 income − $3,609 expenses = $642 out of pocket

Income$2,967Out of Pocket$642Mortgage P&I$1,81961%Property Taxes$50217%Insurance$2629%HOA$171%Management$35612%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32611%

Investment Breakdown

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Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,705

Downpayment

20%

$72,100

Closing costs

1%

$3,605

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,967

Total Expenses

$3,609

Mortgage P&I

61%

$1,819

Property Taxes

17%

$502

Home Insurance

9%

$262

HOA

1%

$17

Property Management

12%

$356

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$326

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