REI Lense

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$1,802 (target)

31740 Norrid Cir, Warren, MI 48092

3 beds • 2 baths • 1369 sqft

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This property looks like a bad Mid-Term investment with a projected -2.18% first-year return on $55,590 initial cash invested.

-2.18%

Cash On Cash

6.57%

Cap Rate

0.97

DSCR

$1,802

Rent

-$101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,802 income − $1,903 expenses = $101 out of pocket

Income$1,802Out of Pocket$101Mortgage P&I$1,00956%Property Taxes$21912%Insurance$633%Management$21612%CapEx$724%Vacancy$543%Maintenance$724%Other$19811%

Investment Breakdown

|

Purchase Price

$179k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,590

Downpayment

20%

$35,800

Closing costs

1%

$1,790

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,802

Total Expenses

$1,903

Mortgage P&I

56%

$1,009

Property Taxes

12%

$219

Home Insurance

4%

$63

HOA

0%

$0

Property Management

12%

$216

CapEx

4%

$72

Vacancy

3%

$54

Maintenance

4%

$72

Other

11%

$198

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