REI Lense

REI Lense

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$2,372 (target)

3259 Kirkton Dr, Sterling Heights, MI 48310

3 beds • 3 baths • 3470 sqft

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This property looks like a bad Long-Term investment with a projected -6.31% first-year return on $70,350 initial cash invested.

-6.31%

Cash On Cash

5.07%

Cap Rate

0.85

DSCR

$2,372

Rent

-$370

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,372 income − $2,742 expenses = $370 out of pocket

Income$2,372Out of Pocket$370Mortgage P&I$1,66670%Property Taxes$34214%Insurance$1175%Management$23710%CapEx$1195%Vacancy$1426%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,372

Total Expenses

$2,742

Mortgage P&I

70%

$1,666

Property Taxes

14%

$342

Home Insurance

5%

$117

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$119

Vacancy

6%

$142

Maintenance

5%

$119

Other

0%

$0

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