REI Lense

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$1,932 (target)

29093 List St, Farmington Hills, MI 48336

3 beds • 2 baths • 1000 sqft

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This property looks like a bad Mid-Term investment with a projected -5.38% first-year return on $65,544 initial cash invested.

-5.38%

Cash On Cash

5.53%

Cap Rate

0.83

DSCR

$1,932

Rent

-$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,932 income − $2,226 expenses = $294 out of pocket

Income$1,932Out of Pocket$294Mortgage P&I$1,26065%Property Taxes$22111%Insurance$885%Management$23212%CapEx$774%Vacancy$583%Maintenance$774%Other$21311%

Investment Breakdown

|

Purchase Price

$226k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,544

Downpayment

20%

$45,280

Closing costs

1%

$2,264

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,932

Total Expenses

$2,226

Mortgage P&I

65%

$1,260

Property Taxes

11%

$221

Home Insurance

5%

$88

HOA

0%

$0

Property Management

12%

$232

CapEx

4%

$77

Vacancy

3%

$58

Maintenance

4%

$77

Other

11%

$213

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