REI Lense

REI Lense

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$2,382 (target)

51392 Nicolette Dr, Chesterfield, MI 48047

3 beds • 3 baths • 1700 sqft

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This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $81,879 initial cash invested.

-8.98%

Cash On Cash

4.34%

Cap Rate

0.74

DSCR

$2,382

Rent

-$613

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,382

Total Expenses

$2,995

Mortgage P&I

80%

$1,903

Property Taxes

14%

$327

Home Insurance

6%

$136

HOA

0%

$10

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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