REI Lense

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$3,528 (target)

56602 Winding Creek Dr, Macomb, MI 48042

3 beds • 3 baths • 1926 sqft

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This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $101k initial cash invested.

-4.02%

Cash On Cash

6.02%

Cap Rate

0.91

DSCR

$3,528

Rent

-$339

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,528 income − $3,867 expenses = $339 out of pocket

Income$3,528Out of Pocket$339Mortgage P&I$2,18462%Property Taxes$3299%Insurance$1404%HOA$15Management$42312%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38811%

Investment Breakdown

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Purchase Price

$396k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,140

Closing costs

1%

$3,957

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,528

Total Expenses

$3,867

Mortgage P&I

62%

$2,184

Property Taxes

9%

$329

Home Insurance

4%

$140

HOA

0%

$15

Property Management

12%

$423

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$388

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