REI Lense

REI Lense

Unlock all features! Tap here to upgrade

3091 Heritage Dr, Troy, MI 48083

3 beds • 4 baths • 2521 sqft

Email

This property looks like a bad Airbnb investment with a projected -16.72% first-year return on $116k initial cash invested.

-16.72%

Cash On Cash

2.04%

Cap Rate

0.34

DSCR

$2,752

Rent

-$1,616

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,752 income − $4,368 expenses = $1,616 out of pocket

Income$2,752Out of Pocket$1,616Mortgage P&I$2,29984%Property Taxes$58221%Insurance$1666%Management$41315%CapEx$1104%Maintenance$1104%Other$68825%

Investment Breakdown

|

Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,300

Closing costs

1%

$4,665

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,752

Total Expenses

$4,368

Mortgage P&I

84%

$2,299

Property Taxes

21%

$582

Home Insurance

6%

$166

HOA

0%

$0

Property Management

15%

$413

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$688

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis