REI Lense

REI Lense

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$2,881 (target)

56432 Cromwell Ct, Shelby Township, MI 48316

3 beds • 4 baths • 4192 sqft

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This property looks like a bad Long-Term investment with a projected -13.22% first-year return on $116k initial cash invested.

-13.22%

Cash On Cash

3.53%

Cap Rate

0.59

DSCR

$2,881

Rent

-$1,272

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,881 income − $4,153 expenses = $1,272 out of pocket

Income$2,881Out of Pocket$1,272Mortgage P&I$2,74595%Property Taxes$44215%Insurance$1927%HOA$251%Management$28810%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

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Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,881

Total Expenses

$4,153

Mortgage P&I

95%

$2,745

Property Taxes

15%

$442

Home Insurance

7%

$192

HOA

1%

$25

Property Management

10%

$288

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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