REI Lense

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$3,386 (target)

590 N Sheldon Rd, Plymouth, MI 48170

3 beds • 3 baths • 2665 sqft

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This property looks like a bad Long-Term investment with a projected -19.42% first-year return on $127k initial cash invested.

-19.42%

Cash On Cash

2.39%

Cap Rate

0.39

DSCR

$3,386

Rent

-$2,063

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,386 income − $5,449 expenses = $2,063 out of pocket

Income$3,386Out of Pocket$2,063Mortgage P&I$3,10192%Property Taxes$1,24837%Insurance$2206%Management$33910%CapEx$1695%Vacancy$2036%Maintenance$1695%

Investment Breakdown

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Purchase Price

$607k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$127k

Downpayment

20%

$121k

Closing costs

1%

$6,070

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,386

Total Expenses

$5,449

Mortgage P&I

92%

$3,101

Property Taxes

37%

$1,248

Home Insurance

7%

$220

HOA

0%

$0

Property Management

10%

$339

CapEx

5%

$169

Vacancy

6%

$203

Maintenance

5%

$169

Other

0%

$0

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