REI Lense

REI Lense

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$2,947 (target)

61411 Woodfield Way, Washington, MI 48094

3 beds • 3 baths • 2606 sqft

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This property looks like a bad Long-Term investment with a projected -9.18% first-year return on $89,796 initial cash invested.

-9.18%

Cash On Cash

5.05%

Cap Rate

0.77

DSCR

$2,947

Rent

-$687

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,947 income − $3,634 expenses = $687 out of pocket

Income$2,947Out of Pocket$687Mortgage P&I$2,34179%Property Taxes$36012%Insurance$1545%HOA$13Management$29510%CapEx$1475%Vacancy$1776%Maintenance$1475%

Investment Breakdown

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Purchase Price

$428k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,796

Downpayment

20%

$85,520

Closing costs

1%

$4,276

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,947

Total Expenses

$3,634

Mortgage P&I

79%

$2,341

Property Taxes

12%

$360

Home Insurance

5%

$154

HOA

0%

$13

Property Management

10%

$295

CapEx

5%

$147

Vacancy

6%

$177

Maintenance

5%

$147

Other

0%

$0

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