REI Lense

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$2,035 (target)

27769 Gilbert Dr, Warren, MI 48093

3 beds • 2 baths • 1806 sqft

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This property looks like a bad Long-Term investment with a projected -7.29% first-year return on $66,150 initial cash invested.

-7.29%

Cash On Cash

4.87%

Cap Rate

0.81

DSCR

$2,035

Rent

-$402

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,035 income − $2,437 expenses = $402 out of pocket

Income$2,035Out of Pocket$402Mortgage P&I$1,57878%Property Taxes$21911%Insurance$1105%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,035

Total Expenses

$2,437

Mortgage P&I

78%

$1,578

Property Taxes

11%

$219

Home Insurance

5%

$110

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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