REI Lense

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$1,869 (target)

40127 Pallazo St, Clinton Township, MI 48038

3 beds • 2 baths • 1664 sqft

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This property looks like a bad Long-Term investment with a projected -13.35% first-year return on $72,450 initial cash invested.

-13.35%

Cash On Cash

3.6%

Cap Rate

0.59

DSCR

$1,869

Rent

-$806

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,869 income − $2,675 expenses = $806 out of pocket

Income$1,869Out of Pocket$806Mortgage P&I$1,74994%Property Taxes$32017%Insurance$1216%Management$18710%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,869

Total Expenses

$2,675

Mortgage P&I

94%

$1,749

Property Taxes

17%

$320

Home Insurance

6%

$121

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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