REI Lense

REI Lense

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$3,065 (target)

45021 Riverwoods Dr, Macomb, MI 48044

3 beds • 3 baths • 3013 sqft

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This property looks like a bad Long-Term investment with a projected -13.46% first-year return on $119k initial cash invested.

-13.46%

Cash On Cash

3.34%

Cap Rate

0.57

DSCR

$3,065

Rent

-$1,331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$565k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$113k

Closing costs

1%

$5,652

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,065

Total Expenses

$4,396

Mortgage P&I

90%

$2,749

Property Taxes

21%

$650

Home Insurance

7%

$201

HOA

0%

$0

Property Management

10%

$306

CapEx

5%

$153

Vacancy

6%

$184

Maintenance

5%

$153

Other

0%

$0

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