REI Lense

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$2,805 (target)

51770 North Ave, Macomb, MI 48042

3 beds • 3 baths • 2376 sqft

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This property looks like a bad Mid-Term investment with a projected -17.08% first-year return on $162k initial cash invested.

-17.08%

Cash On Cash

2.21%

Cap Rate

0.37

DSCR

$2,805

Rent

-$2,309

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,805 income − $5,114 expenses = $2,309 out of pocket

Income$2,805Out of Pocket$2,309Mortgage P&I$3,461123%Property Taxes$45016%Insurance$2499%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%

Investment Breakdown

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Purchase Price

$687k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$162k

Downpayment

20%

$137k

Closing costs

1%

$6,868

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,805

Total Expenses

$5,114

Mortgage P&I

123%

$3,461

Property Taxes

16%

$450

Home Insurance

9%

$249

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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