REI Lense

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$1,986 (target)

31717 Tecla Dr, Warren, MI 48088

3 beds • 2 baths • 2618 sqft

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This property looks like a bad Long-Term investment with a projected -8.59% first-year return on $64,008 initial cash invested.

-8.59%

Cash On Cash

4.76%

Cap Rate

0.77

DSCR

$1,986

Rent

-$458

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,986 income − $2,444 expenses = $458 out of pocket

Income$1,986Out of Pocket$458Mortgage P&I$1,56879%Property Taxes$25213%Insurance$1085%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,008

Downpayment

20%

$60,960

Closing costs

1%

$3,048

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,986

Total Expenses

$2,444

Mortgage P&I

79%

$1,568

Property Taxes

13%

$252

Home Insurance

5%

$108

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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