REI Lense

REI Lense

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$1,735 (target)

29720 Merrick Ave, Warren, MI 48092

3 beds • 2 baths • 1361 sqft

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This property looks like a bad Long-Term investment with a projected -8.5% first-year return on $56,490 initial cash invested.

-8.5%

Cash On Cash

4.57%

Cap Rate

0.77

DSCR

$1,735

Rent

-$400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,735 income − $2,135 expenses = $400 out of pocket

Income$1,735Out of Pocket$400Mortgage P&I$1,33877%Property Taxes$25114%Insurance$945%Management$17410%CapEx$875%Vacancy$1046%Maintenance$875%

Investment Breakdown

|

Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,490

Downpayment

20%

$53,800

Closing costs

1%

$2,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,735

Total Expenses

$2,135

Mortgage P&I

77%

$1,338

Property Taxes

14%

$251

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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