REI Lense

REI Lense

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$2,270 (target)

40925 McNamara Dr, Clinton Township, MI 48038

3 beds • 2 baths • 2258 sqft

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This property looks like a bad Long-Term investment with a projected -7.48% first-year return on $62,118 initial cash invested.

-7.48%

Cash On Cash

4.82%

Cap Rate

0.81

DSCR

$2,270

Rent

-$387

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,270 income − $2,657 expenses = $387 out of pocket

Income$2,270Out of Pocket$387Mortgage P&I$1,46264%Property Taxes$48821%Insurance$1165%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$296k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,118

Downpayment

20%

$59,160

Closing costs

1%

$2,958

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,270

Total Expenses

$2,657

Mortgage P&I

64%

$1,462

Property Taxes

22%

$488

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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