REI Lense

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$2,759 (target)

39755 Spitz Dr, Sterling Heights, MI 48313

3 beds • 3 baths • 2203 sqft

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This property looks like a bad Long-Term investment with a projected -5.74% first-year return on $84,000 initial cash invested.

-5.74%

Cash On Cash

5.19%

Cap Rate

0.87

DSCR

$2,759

Rent

-$402

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,759 income − $3,161 expenses = $402 out of pocket

Income$2,759Out of Pocket$402Mortgage P&I$1,99472%Property Taxes$30911%Insurance$1405%Management$27610%CapEx$1385%Vacancy$1666%Maintenance$1385%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,000

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,759

Total Expenses

$3,161

Mortgage P&I

72%

$1,994

Property Taxes

11%

$309

Home Insurance

5%

$140

HOA

0%

$0

Property Management

10%

$276

CapEx

5%

$138

Vacancy

6%

$166

Maintenance

5%

$138

Other

0%

$0

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