REI Lense

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$2,199 (target)

476 Coldiron Dr, Rochester Hills, MI 48307

3 beds • 3 baths • 1645 sqft

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This property looks like a bad Long-Term investment with a projected -10.9% first-year return on $83,097 initial cash invested.

-10.9%

Cash On Cash

4.06%

Cap Rate

0.67

DSCR

$2,199

Rent

-$755

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,199 income − $2,954 expenses = $755 out of pocket

Income$2,199Out of Pocket$755Mortgage P&I$1,98390%Property Taxes$24211%Insurance$1577%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

|

Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,097

Downpayment

20%

$79,140

Closing costs

1%

$3,957

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,199

Total Expenses

$2,954

Mortgage P&I

90%

$1,983

Property Taxes

11%

$242

Home Insurance

7%

$157

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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