REI Lense

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$2,143 (target)

33316 Mina Dr, Sterling Heights, MI 48312

3 beds • 3 baths • 2521 sqft

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This property looks like a bad Long-Term investment with a projected -9.26% first-year return on $68,166 initial cash invested.

-9.26%

Cash On Cash

4.38%

Cap Rate

0.74

DSCR

$2,143

Rent

-$526

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,143 income − $2,669 expenses = $526 out of pocket

Income$2,143Out of Pocket$526Mortgage P&I$1,60575%Property Taxes$39218%Insurance$1155%Management$21410%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,166

Downpayment

20%

$64,920

Closing costs

1%

$3,246

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,143

Total Expenses

$2,669

Mortgage P&I

75%

$1,605

Property Taxes

18%

$392

Home Insurance

5%

$115

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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