REI Lense

REI Lense

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$2,410 (target)

571 Cristy Ave, Waterford, MI 48328

3 beds • 2 baths • 1679 sqft

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This property looks like a bad Long-Term investment with a projected -2.88% first-year return on $42,945 initial cash invested.

-2.88%

Cash On Cash

6.63%

Cap Rate

1.02

DSCR

$2,410

Rent

-$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,410 income − $2,513 expenses = $103 out of pocket

Income$2,410Out of Pocket$103Mortgage P&I$1,11346%Property Taxes$70229%Insurance$723%Management$24110%CapEx$1205%Vacancy$1456%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$205k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,945

Downpayment

20%

$40,900

Closing costs

1%

$2,045

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,410

Total Expenses

$2,513

Mortgage P&I

46%

$1,113

Property Taxes

29%

$702

Home Insurance

3%

$72

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$120

Vacancy

6%

$145

Maintenance

5%

$120

Other

0%

$0

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