REI Lense

REI Lense

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$1,373 (target)

27073 Gilbert Dr, Warren, MI 48093

3 beds • 2 baths • 960 sqft

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This property looks like a bad Long-Term investment with a projected -2.57% first-year return on $33,201 initial cash invested.

-2.57%

Cash On Cash

5.95%

Cap Rate

1

DSCR

$1,373

Rent

-$71

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,373 income − $1,444 expenses = $71 out of pocket

Income$1,373Out of Pocket$71Mortgage P&I$78657%Property Taxes$20715%Insurance$947%Management$13710%CapEx$695%Vacancy$826%Maintenance$695%

Investment Breakdown

|

Purchase Price

$158k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,201

Downpayment

20%

$31,620

Closing costs

1%

$1,581

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,373

Total Expenses

$1,444

Mortgage P&I

57%

$786

Property Taxes

15%

$207

Home Insurance

7%

$94

HOA

0%

$0

Property Management

10%

$137

CapEx

5%

$69

Vacancy

6%

$82

Maintenance

5%

$69

Other

0%

$0

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