REI Lense

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$1,911 (target)

296 Hershey Blvd, Waterford, MI 48327

3 beds • 2 baths • 2086 sqft

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This property looks like a bad Long-Term investment with a projected -12.07% first-year return on $57,456 initial cash invested.

-12.07%

Cash On Cash

4.5%

Cap Rate

0.68

DSCR

$1,911

Rent

-$578

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,911 income − $2,489 expenses = $578 out of pocket

Income$1,911Out of Pocket$578Mortgage P&I$1,50779%Property Taxes$38420%Insurance$1005%Management$19110%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

|

Purchase Price

$274k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,456

Downpayment

20%

$54,720

Closing costs

1%

$2,736

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,911

Total Expenses

$2,489

Mortgage P&I

79%

$1,507

Property Taxes

20%

$384

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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