REI Lense

REI Lense

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$2,523 (target)

2905 Saddlebrook Ct, Pinckney, MI 48169

3 beds • 2 baths • 3089 sqft

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This property looks like a bad Long-Term investment with a projected -11.12% first-year return on $85,974 initial cash invested.

-11.12%

Cash On Cash

4.16%

Cap Rate

0.68

DSCR

$2,523

Rent

-$797

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,523 income − $3,320 expenses = $797 out of pocket

Income$2,523Out of Pocket$797Mortgage P&I$2,09083%Property Taxes$35714%Insurance$1456%HOA$733%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,974

Downpayment

20%

$81,880

Closing costs

1%

$4,094

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,523

Total Expenses

$3,320

Mortgage P&I

83%

$2,090

Property Taxes

14%

$357

Home Insurance

6%

$145

HOA

3%

$73

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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