REI Lense

REI Lense

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$2,357 (target)

42047 Clemons Dr, Plymouth, MI 48170

3 beds • 2 baths • 1830 sqft

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This property looks like a bad Long-Term investment with a projected -13.43% first-year return on $91,287 initial cash invested.

-13.43%

Cash On Cash

3.49%

Cap Rate

0.58

DSCR

$2,357

Rent

-$1,022

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,357 income − $3,379 expenses = $1,022 out of pocket

Income$2,357Out of Pocket$1,022Mortgage P&I$2,16992%Property Taxes$42118%Insurance$1737%HOA$3Management$23610%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

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Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,287

Downpayment

20%

$86,940

Closing costs

1%

$4,347

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,357

Total Expenses

$3,379

Mortgage P&I

92%

$2,169

Property Taxes

18%

$421

Home Insurance

7%

$173

HOA

0%

$3

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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