REI Lense

REI Lense

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$2,611 (target)

33445 Bay Hill Dr, Romulus, MI 48174

3 beds • 4 baths • 1974 sqft

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This property looks like a bad Long-Term investment with a projected -8.22% first-year return on $83,790 initial cash invested.

-8.22%

Cash On Cash

4.73%

Cap Rate

0.78

DSCR

$2,611

Rent

-$574

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,611 income − $3,185 expenses = $574 out of pocket

Income$2,611Out of Pocket$574Mortgage P&I$2,01677%Property Taxes$32713%Insurance$1405%HOA$221%Management$26110%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,790

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,611

Total Expenses

$3,185

Mortgage P&I

77%

$2,016

Property Taxes

13%

$327

Home Insurance

5%

$140

HOA

1%

$22

Property Management

10%

$261

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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