REI Lense

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$2,252 (target)

30498 Caroline Emily Dr, Chesterfield, MI 48051

3 beds • 3 baths • 1494 sqft

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This property looks like a bad Long-Term investment with a projected -5.16% first-year return on $60,711 initial cash invested.

-5.16%

Cash On Cash

5.38%

Cap Rate

0.9

DSCR

$2,252

Rent

-$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,252 income − $2,513 expenses = $261 out of pocket

Income$2,252Out of Pocket$261Mortgage P&I$1,44364%Property Taxes$29713%Insurance$1025%HOA$854%Management$22510%CapEx$1135%Vacancy$1356%Maintenance$1135%

Investment Breakdown

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Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,711

Downpayment

20%

$57,820

Closing costs

1%

$2,891

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,252

Total Expenses

$2,513

Mortgage P&I

64%

$1,443

Property Taxes

13%

$297

Home Insurance

5%

$102

HOA

4%

$85

Property Management

10%

$225

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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