REI Lense

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$3,140 (target)

32563 Sutton Rd, Chesterfield, MI 48047

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -6.57% first-year return on $96,411 initial cash invested.

-6.57%

Cash On Cash

5.09%

Cap Rate

0.84

DSCR

$3,140

Rent

-$528

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,140 income − $3,668 expenses = $528 out of pocket

Income$3,140Out of Pocket$528Mortgage P&I$2,32074%Property Taxes$37112%Insurance$1615%Management$31410%CapEx$1575%Vacancy$1886%Maintenance$1575%

Investment Breakdown

|

Purchase Price

$459k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,411

Downpayment

20%

$91,820

Closing costs

1%

$4,591

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,140

Total Expenses

$3,668

Mortgage P&I

74%

$2,320

Property Taxes

12%

$371

Home Insurance

5%

$161

HOA

0%

$0

Property Management

10%

$314

CapEx

5%

$157

Vacancy

6%

$188

Maintenance

5%

$157

Other

0%

$0

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