REI Lense

REI Lense

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$4,298 (target)

48822 Park Place Dr, Macomb, MI 48044

3 beds • 4 baths • 3465 sqft

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This property looks like a bad Mid-Term investment with a projected -1.85% first-year return on $115k initial cash invested.

-1.85%

Cash On Cash

6.04%

Cap Rate

1

DSCR

$4,298

Rent

-$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,298 income − $4,475 expenses = $177 out of pocket

Income$4,298Out of Pocket$177Mortgage P&I$2,32154%Property Taxes$51312%Insurance$1704%HOA$9Management$51612%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47311%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$91,980

Closing costs

1%

$4,599

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,298

Total Expenses

$4,475

Mortgage P&I

54%

$2,321

Property Taxes

12%

$513

Home Insurance

4%

$170

HOA

0%

$9

Property Management

12%

$516

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$473

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