REI Lense

REI Lense

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$1,553 (target)

35733 Simon Dr, Clinton Township, MI 48035

3 beds • 2 baths • 1875 sqft

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This property looks like a bad Long-Term investment with a projected -16.14% first-year return on $51,009 initial cash invested.

-16.14%

Cash On Cash

3.5%

Cap Rate

0.54

DSCR

$1,553

Rent

-$686

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,553 income − $2,239 expenses = $686 out of pocket

Income$1,553Out of Pocket$686Mortgage P&I$1,31685%Property Taxes$43328%Insurance$866%Management$15510%CapEx$785%Vacancy$936%Maintenance$785%

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,009

Downpayment

20%

$48,580

Closing costs

1%

$2,429

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,553

Total Expenses

$2,239

Mortgage P&I

85%

$1,316

Property Taxes

28%

$433

Home Insurance

6%

$86

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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