REI Lense

REI Lense

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$3,228 (target)

37860 Thames Dr, Farmington Hills, MI 48331

3 beds • 3 baths • 3272 sqft

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This property looks like a bad Long-Term investment with a projected -4.47% first-year return on $89,943 initial cash invested.

-4.47%

Cash On Cash

5.61%

Cap Rate

0.92

DSCR

$3,228

Rent

-$335

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,228 income − $3,563 expenses = $335 out of pocket

Income$3,228Out of Pocket$335Mortgage P&I$2,17867%Property Taxes$39412%Insurance$1525%Management$32310%CapEx$1615%Vacancy$1946%Maintenance$1615%

Investment Breakdown

|

Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,943

Downpayment

20%

$85,660

Closing costs

1%

$4,283

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,228

Total Expenses

$3,563

Mortgage P&I

67%

$2,178

Property Taxes

12%

$394

Home Insurance

5%

$152

HOA

0%

$0

Property Management

10%

$323

CapEx

5%

$161

Vacancy

6%

$194

Maintenance

5%

$161

Other

0%

$0

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