REI Lense

REI Lense

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$2,813 (target)

2800 Ranieri Dr, Troy, MI 48085

3 beds • 3 baths • 1869 sqft

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This property looks like a bad Long-Term investment with a projected -12.54% first-year return on $102k initial cash invested.

-12.54%

Cash On Cash

3.7%

Cap Rate

0.62

DSCR

$2,813

Rent

-$1,064

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,813 income − $3,877 expenses = $1,064 out of pocket

Income$2,813Out of Pocket$1,064Mortgage P&I$2,42086%Property Taxes$55020%Insurance$1756%Management$28110%CapEx$1415%Vacancy$1696%Maintenance$1415%

Investment Breakdown

|

Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$96,980

Closing costs

1%

$4,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,813

Total Expenses

$3,877

Mortgage P&I

86%

$2,420

Property Taxes

20%

$550

Home Insurance

6%

$175

HOA

0%

$0

Property Management

10%

$281

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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