REI Lense

REI Lense

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$3,230 (target)

34283 Aspen Park Dr, Chesterfield, MI 48047

3 beds • 3 baths • 4154 sqft

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This property looks like a bad Long-Term investment with a projected -5.7% first-year return on $91,119 initial cash invested.

-5.7%

Cash On Cash

5.48%

Cap Rate

0.88

DSCR

$3,230

Rent

-$433

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,230 income − $3,663 expenses = $433 out of pocket

Income$3,230Out of Pocket$433Mortgage P&I$2,25470%Property Taxes$40613%Insurance$1545%HOA$8Management$32310%CapEx$1625%Vacancy$1946%Maintenance$1625%

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,119

Downpayment

20%

$86,780

Closing costs

1%

$4,339

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,230

Total Expenses

$3,663

Mortgage P&I

70%

$2,254

Property Taxes

13%

$406

Home Insurance

5%

$154

HOA

0%

$8

Property Management

10%

$323

CapEx

5%

$162

Vacancy

6%

$194

Maintenance

5%

$162

Other

0%

$0

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