REI Lense

REI Lense

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$2,760 (target)

3205 N Milford Rd, Highland, MI 48357

3 beds • 3 baths • 2420 sqft

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This property looks like a bad Long-Term investment with a projected -10.54% first-year return on $89,712 initial cash invested.

-10.54%

Cash On Cash

4.22%

Cap Rate

0.7

DSCR

$2,760

Rent

-$788

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,760 income − $3,548 expenses = $788 out of pocket

Income$2,760Out of Pocket$788Mortgage P&I$2,15378%Property Taxes$52819%Insurance$1495%Management$27610%CapEx$1385%Vacancy$1666%Maintenance$1385%

Investment Breakdown

|

Purchase Price

$427k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,712

Downpayment

20%

$85,440

Closing costs

1%

$4,272

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,760

Total Expenses

$3,548

Mortgage P&I

78%

$2,153

Property Taxes

19%

$528

Home Insurance

5%

$149

HOA

0%

$0

Property Management

10%

$276

CapEx

5%

$138

Vacancy

6%

$166

Maintenance

5%

$138

Other

0%

$0

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