REI Lense

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$2,727 (target)

32240 Hawthorne Dr, Warren, MI 48092

3 beds • 2 baths • 1980 sqft

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This property looks like a bad Mid-Term investment with a projected -2.29% first-year return on $72,327 initial cash invested.

-2.29%

Cash On Cash

6.3%

Cap Rate

0.98

DSCR

$2,727

Rent

-$138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,727 income − $2,865 expenses = $138 out of pocket

Income$2,727Out of Pocket$138Mortgage P&I$1,38751%Property Taxes$47217%Insurance$793%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30011%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,327

Downpayment

20%

$51,740

Closing costs

1%

$2,587

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,727

Total Expenses

$2,865

Mortgage P&I

51%

$1,387

Property Taxes

17%

$472

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$300

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