REI Lense

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$2,867 (target)

3455 Ramada Dr, Highland, MI 48356

3 beds • 3 baths • 3378 sqft

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This property looks like a bad Long-Term investment with a projected -1.63% first-year return on $70,602 initial cash invested.

-1.63%

Cash On Cash

6.25%

Cap Rate

1.03

DSCR

$2,867

Rent

-$96

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,867 income − $2,963 expenses = $96 out of pocket

Income$2,867Out of Pocket$96Mortgage P&I$1,70359%Property Taxes$38814%Insurance$1194%HOA$8Management$28710%CapEx$1435%Vacancy$1726%Maintenance$1435%

Investment Breakdown

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Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,602

Downpayment

20%

$67,240

Closing costs

1%

$3,362

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,867

Total Expenses

$2,963

Mortgage P&I

59%

$1,703

Property Taxes

14%

$388

Home Insurance

4%

$119

HOA

0%

$8

Property Management

10%

$287

CapEx

5%

$143

Vacancy

6%

$172

Maintenance

5%

$143

Other

0%

$0

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