REI Lense

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$4,244 (target)

4652 Patrick Rd, West Bloomfield, MI 48322

3 beds • 2 baths • 1798 sqft

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This property might be a fair Mid-Term investment with a projected 3.83% first-year return on $99,228 initial cash invested.

3.83%

Cash On Cash

7.54%

Cap Rate

1.25

DSCR

$4,244

Rent

$317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,244 income − $3,927 expenses = $317 cash flow

Income$4,244Mortgage P&I$1,94446%Property Taxes$41810%Insurance$1223%Management$50912%CapEx$1704%Vacancy$1273%Maintenance$1704%Other$46711%Cash Flow$317

Investment Breakdown

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Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,228

Downpayment

20%

$77,360

Closing costs

1%

$3,868

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,244

Total Expenses

$3,927

Mortgage P&I

46%

$1,944

Property Taxes

10%

$418

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$509

CapEx

4%

$170

Vacancy

3%

$127

Maintenance

4%

$170

Other

11%

$467

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