REI Lense

REI Lense

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$3,897 (target)

29211 Geraldine Ct, Farmington Hills, MI 48336

3 beds • 3 baths • 2613 sqft

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This property looks like a bad Mid-Term investment with a projected -1.89% first-year return on $104k initial cash invested.

-1.89%

Cash On Cash

5.92%

Cap Rate

1

DSCR

$3,897

Rent

-$163

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$408k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,680

Closing costs

1%

$4,084

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,897

Total Expenses

$4,060

Mortgage P&I

52%

$2,022

Property Taxes

14%

$550

Home Insurance

4%

$145

HOA

0%

$17

Property Management

12%

$468

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$429

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