REI Lense

REI Lense

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$1,918 (target)

2980 Sunshine Ter, Waterford, MI 48329

3 beds • 2 baths • 1431 sqft

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This property looks like a bad Long-Term investment with a projected -11.11% first-year return on $61,005 initial cash invested.

-11.11%

Cash On Cash

4.68%

Cap Rate

0.71

DSCR

$1,918

Rent

-$565

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,918 income − $2,483 expenses = $565 out of pocket

Income$1,918Out of Pocket$565Mortgage P&I$1,60384%Property Taxes$27614%Insurance$1055%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

|

Purchase Price

$291k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,005

Downpayment

20%

$58,100

Closing costs

1%

$2,905

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,918

Total Expenses

$2,483

Mortgage P&I

84%

$1,603

Property Taxes

14%

$276

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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