REI Lense

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$2,526 (target)

41970 Jason Dr, Clinton Township, MI 48038

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Long-Term investment with a projected -7.81% first-year return on $78,708 initial cash invested.

-7.81%

Cash On Cash

4.79%

Cap Rate

0.8

DSCR

$2,526

Rent

-$512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,526 income − $3,038 expenses = $512 out of pocket

Income$2,526Out of Pocket$512Mortgage P&I$1,88375%Property Taxes$36715%Insurance$1315%Management$25310%CapEx$1265%Vacancy$1526%Maintenance$1265%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,708

Downpayment

20%

$74,960

Closing costs

1%

$3,748

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,526

Total Expenses

$3,038

Mortgage P&I

75%

$1,883

Property Taxes

15%

$367

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$253

CapEx

5%

$126

Vacancy

6%

$152

Maintenance

5%

$126

Other

0%

$0

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