REI Lense

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$2,453 (target)

46743 Landings Dr, Macomb, MI 48044

3 beds • 4 baths • 3650 sqft

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This property looks like a bad Long-Term investment with a projected -12.22% first-year return on $91,119 initial cash invested.

-12.22%

Cash On Cash

4.01%

Cap Rate

0.64

DSCR

$2,453

Rent

-$928

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,453 income − $3,381 expenses = $928 out of pocket

Income$2,453Out of Pocket$928Mortgage P&I$2,25492%Property Taxes$29912%Insurance$1727%HOA$181%Management$24510%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,119

Downpayment

20%

$86,780

Closing costs

1%

$4,339

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,453

Total Expenses

$3,381

Mortgage P&I

92%

$2,254

Property Taxes

12%

$299

Home Insurance

7%

$172

HOA

1%

$18

Property Management

10%

$245

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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