REI Lense

REI Lense

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$2,396 (target)

35185 Marina Dr, Sterling Heights, MI 48312

3 beds • 2 baths • 1436 sqft

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This property looks like a bad Long-Term investment with a projected -11.53% first-year return on $77,343 initial cash invested.

-11.53%

Cash On Cash

4.6%

Cap Rate

0.69

DSCR

$2,396

Rent

-$743

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,396 income − $3,139 expenses = $743 out of pocket

Income$2,396Out of Pocket$743Mortgage P&I$2,03585%Property Taxes$34915%Insurance$1315%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$368k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,343

Downpayment

20%

$73,660

Closing costs

1%

$3,683

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,396

Total Expenses

$3,139

Mortgage P&I

85%

$2,035

Property Taxes

15%

$349

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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