REI Lense

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$1,727 (target)

40311 Colony Dr, Sterling Heights, MI 48313

3 beds • 2 baths • 1914 sqft

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This property looks like a bad Long-Term investment with a projected -11.26% first-year return on $59,871 initial cash invested.

-11.26%

Cash On Cash

4.1%

Cap Rate

0.67

DSCR

$1,727

Rent

-$562

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,727 income − $2,289 expenses = $562 out of pocket

Income$1,727Out of Pocket$562Mortgage P&I$1,45084%Property Taxes$28817%Insurance$1026%Management$17310%CapEx$865%Vacancy$1046%Maintenance$865%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,871

Downpayment

20%

$57,020

Closing costs

1%

$2,851

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,727

Total Expenses

$2,289

Mortgage P&I

84%

$1,450

Property Taxes

17%

$288

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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