REI Lense

REI Lense

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$2,226 (target)

4247 La Forest Dr, Waterford, MI 48329

3 beds • 2 baths • 1171 sqft

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This property looks like a bad Long-Term investment with a projected -7.13% first-year return on $61,572 initial cash invested.

-7.13%

Cash On Cash

4.94%

Cap Rate

0.83

DSCR

$2,226

Rent

-$366

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,226 income − $2,592 expenses = $366 out of pocket

Income$2,226Out of Pocket$366Mortgage P&I$1,46366%Property Taxes$44520%Insurance$1055%Management$22310%CapEx$1115%Vacancy$1346%Maintenance$1115%

Investment Breakdown

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Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,572

Downpayment

20%

$58,640

Closing costs

1%

$2,932

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,226

Total Expenses

$2,592

Mortgage P&I

66%

$1,463

Property Taxes

20%

$445

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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