REI Lense

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$1,776 (target)

28010 Rollcrest Rd, Farmington Hills, MI 48334

3 beds • 2 baths • 1307 sqft

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This property looks like a bad Long-Term investment with a projected -16.27% first-year return on $40,635 initial cash invested.

-16.27%

Cash On Cash

3.93%

Cap Rate

0.58

DSCR

$1,776

Rent

-$551

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,776 income − $2,327 expenses = $551 out of pocket

Income$1,776Out of Pocket$551Mortgage P&I$1,09562%Property Taxes$69539%Insurance$744%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$194k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,635

Downpayment

20%

$38,700

Closing costs

1%

$1,935

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,776

Total Expenses

$2,327

Mortgage P&I

62%

$1,095

Property Taxes

39%

$695

Home Insurance

4%

$74

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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