REI Lense

REI Lense

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$2,164 (target)

35074 Lana Ln, Sterling Heights, MI 48312

3 beds • 2 baths • 2712 sqft

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This property looks like a bad Long-Term investment with a projected -11.84% first-year return on $69,048 initial cash invested.

-11.84%

Cash On Cash

3.9%

Cap Rate

0.65

DSCR

$2,164

Rent

-$681

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,164 income − $2,845 expenses = $681 out of pocket

Income$2,164Out of Pocket$681Mortgage P&I$1,64176%Property Taxes$52524%Insurance$1175%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,048

Downpayment

20%

$65,760

Closing costs

1%

$3,288

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,164

Total Expenses

$2,845

Mortgage P&I

76%

$1,641

Property Taxes

24%

$525

Home Insurance

5%

$117

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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