REI Lense

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$4,066 (target)

54158 Mar Lake Dr, Chesterfield, MI 48051

3 beds • 3 baths • 2327 sqft

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This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $124k initial cash invested.

-5.91%

Cash On Cash

5.03%

Cap Rate

0.83

DSCR

$4,066

Rent

-$609

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,066 income − $4,675 expenses = $609 out of pocket

Income$4,066Out of Pocket$609Mortgage P&I$2,55363%Property Taxes$53513%Insurance$1845%HOA$20Management$48812%CapEx$1634%Vacancy$1223%Maintenance$1634%Other$44711%

Investment Breakdown

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Purchase Price

$503k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,029

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,066

Total Expenses

$4,675

Mortgage P&I

63%

$2,553

Property Taxes

13%

$535

Home Insurance

5%

$184

HOA

0%

$20

Property Management

12%

$488

CapEx

4%

$163

Vacancy

3%

$122

Maintenance

4%

$163

Other

11%

$447

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