REI Lense

REI Lense

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$4,114 (target)

3091 Heritage Dr, Troy, MI 48083

3 beds • 4 baths • 2521 sqft

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This property looks like a bad Mid-Term investment with a projected -3.45% first-year return on $116k initial cash invested.

-3.45%

Cash On Cash

5.48%

Cap Rate

0.93

DSCR

$4,114

Rent

-$333

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$4,114

Total Expenses

$4,447

Mortgage P&I

56%

$2,299

Property Taxes

14%

$582

Home Insurance

4%

$166

HOA

0%

$0

Property Management

12%

$494

CapEx

4%

$165

Vacancy

3%

$123

Maintenance

4%

$165

Other

11%

$453

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