REI Lense

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$2,434 (target)

2820 S Commerce Rd, Commerce Township, MI 48390

3 beds • 3 baths • 2398 sqft

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This property looks like a bad Long-Term investment with a projected -9.77% first-year return on $72,450 initial cash invested.

-9.77%

Cash On Cash

5.02%

Cap Rate

0.76

DSCR

$2,434

Rent

-$590

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,434 income − $3,024 expenses = $590 out of pocket

Income$2,434Out of Pocket$590Mortgage P&I$1,91279%Property Taxes$35715%Insurance$1225%Management$24310%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,434

Total Expenses

$3,024

Mortgage P&I

79%

$1,912

Property Taxes

15%

$357

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$243

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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