REI Lense

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$3,348 (target)

30809 Leelane, Farmington Hills, MI 48336

3 beds • 2 baths • 1608 sqft

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This property looks like a bad Mid-Term investment with a projected -0.14% first-year return on $94,650 initial cash invested.

-0.14%

Cash On Cash

6.34%

Cap Rate

1.07

DSCR

$3,348

Rent

-$11

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,348 income − $3,359 expenses = $11 out of pocket

Income$3,348Out of Pocket$11Mortgage P&I$1,80554%Property Taxes$2859%Insurance$1314%Management$40212%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36811%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,348

Total Expenses

$3,359

Mortgage P&I

54%

$1,805

Property Taxes

9%

$285

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$402

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$368

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