REI Lense

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$2,916 (target)

3400 Wedgewood Dr, Rochester Hills, MI 48306

3 beds • 3 baths • 2342 sqft

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This property looks like a bad Long-Term investment with a projected -15.21% first-year return on $131k initial cash invested.

-15.21%

Cash On Cash

3.09%

Cap Rate

0.51

DSCR

$2,916

Rent

-$1,664

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,916 income − $4,580 expenses = $1,664 out of pocket

Income$2,916Out of Pocket$1,664Mortgage P&I$3,125107%Property Taxes$44815%Insurance$2198%HOA$291%Management$29210%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

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Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,916

Total Expenses

$4,580

Mortgage P&I

107%

$3,125

Property Taxes

15%

$448

Home Insurance

8%

$219

HOA

1%

$29

Property Management

10%

$292

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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