REI Lense

REI Lense

Unlock all features! Tap here to upgrade

2995 Groves Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 1436 sqft

Email

This property looks like a bad Airbnb investment with a projected -4.13% first-year return on $85,809 initial cash invested.

-4.13%

Cash On Cash

5.46%

Cap Rate

0.9

DSCR

$3,336

Rent

-$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,336 income − $3,631 expenses = $295 out of pocket

Income$3,336Out of Pocket$295Mortgage P&I$1,63049%Property Taxes$2889%Insurance$1133%Management$50015%CapEx$1334%Maintenance$1334%Other$83425%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,809

Downpayment

20%

$64,580

Closing costs

1%

$3,229

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,336

Total Expenses

$3,631

Mortgage P&I

49%

$1,630

Property Taxes

9%

$288

Home Insurance

3%

$113

HOA

0%

$0

Property Management

15%

$500

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$834

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis