REI Lense

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$4,374 (target)

3400 Wedgewood Dr, Rochester Hills, MI 48306

3 beds • 3 baths • 2342 sqft

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This property looks like a bad Mid-Term investment with a projected -7.51% first-year return on $149k initial cash invested.

-7.51%

Cash On Cash

4.54%

Cap Rate

0.76

DSCR

$4,374

Rent

-$934

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,374 income − $5,308 expenses = $934 out of pocket

Income$4,374Out of Pocket$934Mortgage P&I$3,12571%Property Taxes$44810%Insurance$2195%HOA$291%Management$52512%CapEx$1754%Vacancy$1313%Maintenance$1754%Other$48111%

Investment Breakdown

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Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,374

Total Expenses

$5,308

Mortgage P&I

71%

$3,125

Property Taxes

10%

$448

Home Insurance

5%

$219

HOA

1%

$29

Property Management

12%

$525

CapEx

4%

$175

Vacancy

3%

$131

Maintenance

4%

$175

Other

11%

$481

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