REI Lense

REI Lense

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$2,200 (target)

27215 Eagle Ct, Chesterfield, MI 48051

3 beds • 3 baths • 2473 sqft

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This property looks like a bad Long-Term investment with a projected -12.19% first-year return on $75,390 initial cash invested.

-12.19%

Cash On Cash

3.91%

Cap Rate

0.64

DSCR

$2,200

Rent

-$766

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,200 income − $2,966 expenses = $766 out of pocket

Income$2,200Out of Pocket$766Mortgage P&I$1,82683%Property Taxes$45421%Insurance$1145%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,200

Total Expenses

$2,966

Mortgage P&I

83%

$1,826

Property Taxes

21%

$454

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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