REI Lense

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$1,896 (target)

6145 Crystal Lake Dr, Romulus, MI 48174

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Long-Term investment with a projected -14.57% first-year return on $66,402 initial cash invested.

-14.57%

Cash On Cash

3.7%

Cap Rate

0.58

DSCR

$1,896

Rent

-$806

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,896 income − $2,702 expenses = $806 out of pocket

Income$1,896Out of Pocket$806Mortgage P&I$1,68789%Property Taxes$41122%Insurance$885%HOA$221%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$316k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,402

Downpayment

20%

$63,240

Closing costs

1%

$3,162

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,896

Total Expenses

$2,702

Mortgage P&I

89%

$1,687

Property Taxes

22%

$411

Home Insurance

5%

$88

HOA

1%

$22

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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