REI Lense

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$2,783 (target)

30151 Barbary Ct, Warren, MI 48093

3 beds • 3 baths • 2833 sqft

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This property looks like a bad Long-Term investment with a projected -4.26% first-year return on $66,213 initial cash invested.

-4.26%

Cash On Cash

5.74%

Cap Rate

0.94

DSCR

$2,783

Rent

-$235

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,783 income − $3,018 expenses = $235 out of pocket

Income$2,783Out of Pocket$235Mortgage P&I$1,60558%Property Taxes$57821%Insurance$1124%Management$27810%CapEx$1395%Vacancy$1676%Maintenance$1395%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,213

Downpayment

20%

$63,060

Closing costs

1%

$3,153

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,783

Total Expenses

$3,018

Mortgage P&I

58%

$1,605

Property Taxes

21%

$578

Home Insurance

4%

$112

HOA

0%

$0

Property Management

10%

$278

CapEx

5%

$139

Vacancy

6%

$167

Maintenance

5%

$139

Other

0%

$0

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