REI Lense

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$1,627 (target)

4841 Fenmore Ave, Waterford, MI 48328

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Long-Term investment with a projected -9.99% first-year return on $56,679 initial cash invested.

-9.99%

Cash On Cash

4.25%

Cap Rate

0.71

DSCR

$1,627

Rent

-$472

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,627 income − $2,099 expenses = $472 out of pocket

Income$1,627Out of Pocket$472Mortgage P&I$1,34783%Property Taxes$23514%Insurance$946%Management$16310%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,627

Total Expenses

$2,099

Mortgage P&I

83%

$1,347

Property Taxes

14%

$235

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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