REI Lense

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$2,801 (target)

3020 Glengary Rd, Commerce Township, MI 48382

3 beds • 3 baths • 1958 sqft

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This property looks like a bad Long-Term investment with a projected -7.43% first-year return on $80,913 initial cash invested.

-7.43%

Cash On Cash

4.82%

Cap Rate

0.81

DSCR

$2,801

Rent

-$501

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,801 income − $3,302 expenses = $501 out of pocket

Income$2,801Out of Pocket$501Mortgage P&I$1,90868%Property Taxes$31611%Insurance$35012%Management$28010%CapEx$1405%Vacancy$1686%Maintenance$1405%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,913

Downpayment

20%

$77,060

Closing costs

1%

$3,853

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,801

Total Expenses

$3,302

Mortgage P&I

68%

$1,908

Property Taxes

11%

$316

Home Insurance

13%

$350

HOA

0%

$0

Property Management

10%

$280

CapEx

5%

$140

Vacancy

6%

$168

Maintenance

5%

$140

Other

0%

$0

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