REI Lense

REI Lense

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$1,201 (target)

31740 Norrid Cir, Warren, MI 48092

3 beds • 2 baths • 1369 sqft

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This property looks like a bad Long-Term investment with a projected -12.83% first-year return on $37,590 initial cash invested.

-12.83%

Cash On Cash

4.47%

Cap Rate

0.66

DSCR

$1,201

Rent

-$402

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,201 income − $1,603 expenses = $402 out of pocket

Income$1,201Out of Pocket$402Mortgage P&I$1,00984%Property Taxes$21918%Insurance$635%Management$12010%CapEx$605%Vacancy$726%Maintenance$605%

Investment Breakdown

|

Purchase Price

$179k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,590

Downpayment

20%

$35,800

Closing costs

1%

$1,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,201

Total Expenses

$1,603

Mortgage P&I

84%

$1,009

Property Taxes

18%

$219

Home Insurance

5%

$63

HOA

0%

$0

Property Management

10%

$120

CapEx

5%

$60

Vacancy

6%

$72

Maintenance

5%

$60

Other

0%

$0

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