REI Lense

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$3,987 (target)

50576 Commons Dr, Macomb, MI 48042

3 beds • 3 baths • 3240 sqft

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This property looks like a bad Mid-Term investment with a projected -3.55% first-year return on $110k initial cash invested.

-3.55%

Cash On Cash

5.78%

Cap Rate

0.93

DSCR

$3,987

Rent

-$324

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,987 income − $4,311 expenses = $324 out of pocket

Income$3,987Out of Pocket$324Mortgage P&I$2,26557%Property Taxes$51913%Insurance$1584%HOA$14Management$47812%CapEx$1594%Vacancy$1203%Maintenance$1594%Other$43911%

Investment Breakdown

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Purchase Price

$436k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,220

Closing costs

1%

$4,361

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,987

Total Expenses

$4,311

Mortgage P&I

57%

$2,265

Property Taxes

13%

$519

Home Insurance

4%

$158

HOA

0%

$14

Property Management

12%

$478

CapEx

4%

$159

Vacancy

3%

$120

Maintenance

4%

$159

Other

11%

$439

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