REI Lense

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$2,440 (target)

4841 Fenmore Ave, Waterford, MI 48328

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Mid-Term investment with a projected -1.06% first-year return on $74,679 initial cash invested.

-1.06%

Cash On Cash

6.13%

Cap Rate

1.02

DSCR

$2,440

Rent

-$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,440 income − $2,506 expenses = $66 out of pocket

Income$2,440Out of Pocket$66Mortgage P&I$1,34755%Property Taxes$23510%Insurance$944%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26811%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,440

Total Expenses

$2,506

Mortgage P&I

55%

$1,347

Property Taxes

10%

$235

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$268

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