REI Lense

REI Lense

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$2,598 (target)

29211 Geraldine Ct, Farmington Hills, MI 48336

3 beds • 3 baths • 2613 sqft

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This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $85,764 initial cash invested.

-11.36%

Cash On Cash

3.94%

Cap Rate

0.66

DSCR

$2,598

Rent

-$812

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

$85,764

Downpayment

20%

$81,680

Closing costs

1%

$4,084

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,598

Total Expenses

$3,410

Mortgage P&I

78%

$2,022

Property Taxes

21%

$550

Home Insurance

6%

$145

HOA

1%

$17

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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