REI Lense

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$2,938 (target)

3494 Corkwood Dr, Sterling Heights, MI 48314

3 beds • 4 baths • 2360 sqft

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This property looks like a bad Long-Term investment with a projected -16% first-year return on $111k initial cash invested.

-16%

Cash On Cash

3.66%

Cap Rate

0.55

DSCR

$2,938

Rent

-$1,475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,938 income − $4,413 expenses = $1,475 out of pocket

Income$2,938Out of Pocket$1,475Mortgage P&I$2,934100%Property Taxes$52618%Insurance$1896%Management$29410%CapEx$1475%Vacancy$1766%Maintenance$1475%

Investment Breakdown

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Purchase Price

$527k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$105k

Closing costs

1%

$5,269

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,938

Total Expenses

$4,413

Mortgage P&I

100%

$2,934

Property Taxes

18%

$526

Home Insurance

6%

$189

HOA

0%

$0

Property Management

10%

$294

CapEx

5%

$147

Vacancy

6%

$176

Maintenance

5%

$147

Other

0%

$0

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