REI Lense

REI Lense

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$2,850 (target)

3544 Fort Dr, Waterford, MI 48328

3 beds • 2 baths • 1613 sqft

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This property looks like a bad Mid-Term investment with a projected -0.44% first-year return on $79,761 initial cash invested.

-0.44%

Cash On Cash

6.31%

Cap Rate

1.06

DSCR

$2,850

Rent

-$29

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,850 income − $2,879 expenses = $29 out of pocket

Income$2,850Out of Pocket$29Mortgage P&I$1,46251%Property Taxes$34212%Insurance$1054%Management$34212%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,761

Downpayment

20%

$58,820

Closing costs

1%

$2,941

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,850

Total Expenses

$2,879

Mortgage P&I

51%

$1,462

Property Taxes

12%

$342

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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