REI Lense

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$1,932 (target)

29138 Apolonia Dr, Warren, MI 48092

3 beds • 3 baths • 1427 sqft

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This property looks like a bad Long-Term investment with a projected -14.11% first-year return on $59,094 initial cash invested.

-14.11%

Cash On Cash

4.02%

Cap Rate

0.61

DSCR

$1,932

Rent

-$695

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,932 income − $2,627 expenses = $695 out of pocket

Income$1,932Out of Pocket$695Mortgage P&I$1,54080%Property Taxes$50226%Insurance$824%Management$19310%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

|

Purchase Price

$281k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,094

Downpayment

20%

$56,280

Closing costs

1%

$2,814

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,932

Total Expenses

$2,627

Mortgage P&I

80%

$1,540

Property Taxes

26%

$502

Home Insurance

4%

$82

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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