REI Lense

REI Lense

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$1,824 (target)

3387 Norwood Dr, Trenton, MI 48183

3 beds • 2 baths • 2106 sqft

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This property looks like a bad Long-Term investment with a projected -12.35% first-year return on $54,201 initial cash invested.

-12.35%

Cash On Cash

4.44%

Cap Rate

0.67

DSCR

$1,824

Rent

-$558

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,824 income − $2,382 expenses = $558 out of pocket

Income$1,824Out of Pocket$558Mortgage P&I$1,42278%Property Taxes$39622%Insurance$915%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

|

Purchase Price

$258k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,201

Downpayment

20%

$51,620

Closing costs

1%

$2,581

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,824

Total Expenses

$2,382

Mortgage P&I

78%

$1,422

Property Taxes

22%

$396

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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