REI Lense

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$1,870 (target)

51770 North Ave, Macomb, MI 48042

3 beds • 3 baths • 2376 sqft

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This property looks like a bad Long-Term investment with a projected -23.11% first-year return on $144k initial cash invested.

-23.11%

Cash On Cash

1.36%

Cap Rate

0.22

DSCR

$1,870

Rent

-$2,777

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,870 income − $4,647 expenses = $2,777 out of pocket

Income$1,870Out of Pocket$2,777Mortgage P&I$3,461185%Property Taxes$45024%Insurance$24913%Management$18710%CapEx$945%Vacancy$1126%Maintenance$945%

Investment Breakdown

|

Purchase Price

$687k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$137k

Closing costs

1%

$6,868

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,870

Total Expenses

$4,647

Mortgage P&I

185%

$3,461

Property Taxes

24%

$450

Home Insurance

13%

$249

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$94

Vacancy

6%

$112

Maintenance

5%

$94

Other

0%

$0

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