REI Lense

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$3,549 (target)

6042 Ravenswood Dr, Shelby Township, MI 48316

3 beds • 2 baths • 2247 sqft

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This property looks like a bad Mid-Term investment with a projected -0.8% first-year return on $99,039 initial cash invested.

-0.8%

Cash On Cash

6.2%

Cap Rate

1.04

DSCR

$3,549

Rent

-$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,549 income − $3,615 expenses = $66 out of pocket

Income$3,549Out of Pocket$66Mortgage P&I$1,91954%Property Taxes$35210%Insurance$1384%Management$42612%CapEx$1424%Vacancy$1063%Maintenance$1424%Other$39011%

Investment Breakdown

|

Purchase Price

$386k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,039

Downpayment

20%

$77,180

Closing costs

1%

$3,859

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,549

Total Expenses

$3,615

Mortgage P&I

54%

$1,919

Property Taxes

10%

$352

Home Insurance

4%

$138

HOA

0%

$0

Property Management

12%

$426

CapEx

4%

$142

Vacancy

3%

$106

Maintenance

4%

$142

Other

11%

$390

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