REI Lense

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$3,305 (target)

280 Wendy Ln, Bloomfield Hills, MI 48302

3 beds • 3 baths • 2155 sqft

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This property looks like a bad Long-Term investment with a projected -7.09% first-year return on $101k initial cash invested.

-7.09%

Cash On Cash

5.16%

Cap Rate

0.83

DSCR

$3,305

Rent

-$594

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,305 income − $3,899 expenses = $594 out of pocket

Income$3,305Out of Pocket$594Mortgage P&I$2,48775%Property Taxes$40512%Insurance$1495%Management$33010%CapEx$1655%Vacancy$1986%Maintenance$1655%

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$95,780

Closing costs

1%

$4,789

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,305

Total Expenses

$3,899

Mortgage P&I

75%

$2,487

Property Taxes

12%

$405

Home Insurance

5%

$149

HOA

0%

$0

Property Management

10%

$330

CapEx

5%

$165

Vacancy

6%

$198

Maintenance

5%

$165

Other

0%

$0

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