REI Lense

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$2,366 (target)

6042 Ravenswood Dr, Shelby Township, MI 48316

3 beds • 2 baths • 2247 sqft

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This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $81,039 initial cash invested.

-9.74%

Cash On Cash

4.29%

Cap Rate

0.72

DSCR

$2,366

Rent

-$658

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,366 income − $3,024 expenses = $658 out of pocket

Income$2,366Out of Pocket$658Mortgage P&I$1,91981%Property Taxes$35215%Insurance$1386%Management$23710%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$386k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,039

Downpayment

20%

$77,180

Closing costs

1%

$3,859

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,366

Total Expenses

$3,024

Mortgage P&I

81%

$1,919

Property Taxes

15%

$352

Home Insurance

6%

$138

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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