REI Lense

REI Lense

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$2,681 (target)

3172 Cedar Crest Dr, Troy, MI 48083

3 beds • 2 baths • 1540 sqft

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This property looks like a bad Long-Term investment with a projected -11.43% first-year return on $94,185 initial cash invested.

-11.43%

Cash On Cash

3.93%

Cap Rate

0.66

DSCR

$2,681

Rent

-$897

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,681 income − $3,578 expenses = $897 out of pocket

Income$2,681Out of Pocket$897Mortgage P&I$2,23083%Property Taxes$50119%Insurance$1506%Management$26810%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

|

Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,185

Downpayment

20%

$89,700

Closing costs

1%

$4,485

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,681

Total Expenses

$3,578

Mortgage P&I

83%

$2,230

Property Taxes

19%

$501

Home Insurance

6%

$150

HOA

0%

$0

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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