REI Lense

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$4,060 (target)

53125 Citadel St, Macomb, MI 48042

3 beds • 4 baths • 2622 sqft

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This property looks like a bad Mid-Term investment with a projected -6.12% first-year return on $119k initial cash invested.

-6.12%

Cash On Cash

5.02%

Cap Rate

0.82

DSCR

$4,060

Rent

-$609

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,060 income − $4,669 expenses = $609 out of pocket

Income$4,060Out of Pocket$609Mortgage P&I$2,46761%Property Taxes$56114%Insurance$2195%HOA$421%Management$48712%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44711%

Investment Breakdown

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Purchase Price

$483k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,620

Closing costs

1%

$4,831

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,060

Total Expenses

$4,669

Mortgage P&I

61%

$2,467

Property Taxes

14%

$561

Home Insurance

5%

$219

HOA

1%

$42

Property Management

12%

$487

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$447

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