REI Lense

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$4,220 (target)

2800 Ranieri Dr, Troy, MI 48085

3 beds • 3 baths • 1869 sqft

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This property looks like a bad Mid-Term investment with a projected -3.61% first-year return on $120k initial cash invested.

-3.61%

Cash On Cash

5.52%

Cap Rate

0.92

DSCR

$4,220

Rent

-$360

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,220 income − $4,580 expenses = $360 out of pocket

Income$4,220Out of Pocket$360Mortgage P&I$2,42057%Property Taxes$55013%Insurance$1754%Management$50612%CapEx$1694%Vacancy$1273%Maintenance$1694%Other$46411%

Investment Breakdown

|

Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$96,980

Closing costs

1%

$4,849

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,220

Total Expenses

$4,580

Mortgage P&I

57%

$2,420

Property Taxes

13%

$550

Home Insurance

4%

$175

HOA

0%

$0

Property Management

12%

$506

CapEx

4%

$169

Vacancy

3%

$127

Maintenance

4%

$169

Other

11%

$464

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