REI Lense

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$2,711 (target)

54158 Mar Lake Dr, Chesterfield, MI 48051

3 beds • 3 baths • 2327 sqft

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This property looks like a bad Long-Term investment with a projected -14.62% first-year return on $106k initial cash invested.

-14.62%

Cash On Cash

3.35%

Cap Rate

0.55

DSCR

$2,711

Rent

-$1,287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,711 income − $3,998 expenses = $1,287 out of pocket

Income$2,711Out of Pocket$1,287Mortgage P&I$2,55394%Property Taxes$53520%Insurance$1847%HOA$201%Management$27110%CapEx$1365%Vacancy$1636%Maintenance$1365%

Investment Breakdown

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Purchase Price

$503k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,029

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,711

Total Expenses

$3,998

Mortgage P&I

94%

$2,553

Property Taxes

20%

$535

Home Insurance

7%

$184

HOA

1%

$20

Property Management

10%

$271

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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