REI Lense

REI Lense

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$3,194 (target)

3700 Green Lake Rd, West Bloomfield, MI 48324

3 beds • 2 baths • 2166 sqft

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This property looks like a bad Long-Term investment with a projected -7.08% first-year return on $80,850 initial cash invested.

-7.08%

Cash On Cash

5.37%

Cap Rate

0.84

DSCR

$3,194

Rent

-$477

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,194 income − $3,671 expenses = $477 out of pocket

Income$3,194Out of Pocket$477Mortgage P&I$2,04064%Property Taxes$66521%Insurance$1354%Management$31910%CapEx$1605%Vacancy$1926%Maintenance$1605%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,194

Total Expenses

$3,671

Mortgage P&I

64%

$2,040

Property Taxes

21%

$665

Home Insurance

4%

$135

HOA

0%

$0

Property Management

10%

$319

CapEx

5%

$160

Vacancy

6%

$192

Maintenance

5%

$160

Other

0%

$0

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