REI Lense

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$3,315 (target)

4134 Vera Ct, Sterling Heights, MI 48310

3 beds • 3 baths • 2162 sqft

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This property looks like a bad Mid-Term investment with a projected -4.32% first-year return on $91,479 initial cash invested.

-4.32%

Cash On Cash

5.94%

Cap Rate

0.9

DSCR

$3,315

Rent

-$329

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,315 income − $3,644 expenses = $329 out of pocket

Income$3,315Out of Pocket$329Mortgage P&I$1,92958%Property Taxes$46514%Insurance$1224%Management$39812%CapEx$1334%Vacancy$993%Maintenance$1334%Other$36511%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,315

Total Expenses

$3,644

Mortgage P&I

58%

$1,929

Property Taxes

14%

$465

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$398

CapEx

4%

$133

Vacancy

3%

$99

Maintenance

4%

$133

Other

11%

$365

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