REI Lense

REI Lense

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$2,560 (target)

5336 W Briarcliff Knoll Dr, West Bloomfield, MI 48322

3 beds • 2 baths • 1503 sqft

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This property looks like a bad Long-Term investment with a projected -3.01% first-year return on $69,069 initial cash invested.

-3.01%

Cash On Cash

6.07%

Cap Rate

0.97

DSCR

$2,560

Rent

-$173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,560 income − $2,733 expenses = $173 out of pocket

Income$2,560Out of Pocket$173Mortgage P&I$1,70867%Property Taxes$2419%Insurance$1185%Management$25610%CapEx$1285%Vacancy$1546%Maintenance$1285%

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,069

Downpayment

20%

$65,780

Closing costs

1%

$3,289

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,560

Total Expenses

$2,733

Mortgage P&I

67%

$1,708

Property Taxes

9%

$241

Home Insurance

5%

$118

HOA

0%

$0

Property Management

10%

$256

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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