REI Lense

REI Lense

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$1,900 (target)

3544 Fort Dr, Waterford, MI 48328

3 beds • 2 baths • 1613 sqft

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This property looks like a bad Long-Term investment with a projected -9.77% first-year return on $61,761 initial cash invested.

-9.77%

Cash On Cash

4.3%

Cap Rate

0.72

DSCR

$1,900

Rent

-$503

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,900 income − $2,403 expenses = $503 out of pocket

Income$1,900Out of Pocket$503Mortgage P&I$1,46277%Property Taxes$34218%Insurance$1056%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,761

Downpayment

20%

$58,820

Closing costs

1%

$2,941

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,900

Total Expenses

$2,403

Mortgage P&I

77%

$1,462

Property Taxes

18%

$342

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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