REI Lense

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$2,829 (target)

4652 Patrick Rd, West Bloomfield, MI 48322

3 beds • 2 baths • 1798 sqft

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This property looks like a bad Long-Term investment with a projected -5.76% first-year return on $81,228 initial cash invested.

-5.76%

Cash On Cash

5.26%

Cap Rate

0.87

DSCR

$2,829

Rent

-$390

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,829 income − $3,219 expenses = $390 out of pocket

Income$2,829Out of Pocket$390Mortgage P&I$1,94469%Property Taxes$41815%Insurance$1224%Management$28310%CapEx$1415%Vacancy$1706%Maintenance$1415%

Investment Breakdown

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Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,228

Downpayment

20%

$77,360

Closing costs

1%

$3,868

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,829

Total Expenses

$3,219

Mortgage P&I

69%

$1,944

Property Taxes

15%

$418

Home Insurance

4%

$122

HOA

0%

$0

Property Management

10%

$283

CapEx

5%

$141

Vacancy

6%

$170

Maintenance

5%

$141

Other

0%

$0

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