REI Lense

REI Lense

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$2,633 (target)

50800 Alden Dr, Macomb, MI 48044

3 beds • 3 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -10.81% first-year return on $91,938 initial cash invested.

-10.81%

Cash On Cash

4.15%

Cap Rate

0.69

DSCR

$2,633

Rent

-$828

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,633 income − $3,461 expenses = $828 out of pocket

Income$2,633Out of Pocket$828Mortgage P&I$2,21084%Property Taxes$40815%Insurance$1586%Management$26310%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

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Purchase Price

$438k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,938

Downpayment

20%

$87,560

Closing costs

1%

$4,378

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,633

Total Expenses

$3,461

Mortgage P&I

84%

$2,210

Property Taxes

16%

$408

Home Insurance

6%

$158

HOA

0%

$0

Property Management

10%

$263

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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