REI Lense

REI Lense

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$2,502 (target)

51965 Sequoya Dr, Macomb, MI 48042

3 beds • 3 baths • 3005 sqft

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This property looks like a bad Long-Term investment with a projected -11.86% first-year return on $87,612 initial cash invested.

-11.86%

Cash On Cash

3.86%

Cap Rate

0.64

DSCR

$2,502

Rent

-$866

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,502 income − $3,368 expenses = $866 out of pocket

Income$2,502Out of Pocket$866Mortgage P&I$2,08283%Property Taxes$47819%Insurance$1496%HOA$9Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

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Purchase Price

$417k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,612

Downpayment

20%

$83,440

Closing costs

1%

$4,172

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,502

Total Expenses

$3,368

Mortgage P&I

83%

$2,082

Property Taxes

19%

$478

Home Insurance

6%

$149

HOA

0%

$9

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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