REI Lense

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$2,721 (target)

4177 Conne Mara Ln, Waterford, MI 48329

3 beds • 2 baths • 1842 sqft

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This property looks like a bad Long-Term investment with a projected -2.03% first-year return on $67,431 initial cash invested.

-2.03%

Cash On Cash

6.07%

Cap Rate

1.01

DSCR

$2,721

Rent

-$114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,721 income − $2,835 expenses = $114 out of pocket

Income$2,721Out of Pocket$114Mortgage P&I$1,60259%Property Taxes$41115%Insurance$1154%Management$27210%CapEx$1365%Vacancy$1636%Maintenance$1365%

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,431

Downpayment

20%

$64,220

Closing costs

1%

$3,211

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,721

Total Expenses

$2,835

Mortgage P&I

59%

$1,602

Property Taxes

15%

$411

Home Insurance

4%

$115

HOA

0%

$0

Property Management

10%

$272

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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