REI Lense

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$3,628 (target)

38986 Cottonwood Ct, Sterling Heights, MI 48310

3 beds • 3 baths • 3053 sqft

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This property looks like a bad Mid-Term investment with a projected -1.45% first-year return on $85,788 initial cash invested.

-1.45%

Cash On Cash

6.7%

Cap Rate

1.02

DSCR

$3,628

Rent

-$104

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,628 income − $3,732 expenses = $104 out of pocket

Income$3,628Out of Pocket$104Mortgage P&I$1,76249%Property Taxes$62317%Insurance$1143%Management$43512%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$39911%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,788

Downpayment

20%

$64,560

Closing costs

1%

$3,228

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,628

Total Expenses

$3,732

Mortgage P&I

49%

$1,762

Property Taxes

17%

$623

Home Insurance

3%

$114

HOA

0%

$0

Property Management

12%

$435

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$399

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