REI Lense

REI Lense

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$2,056 (target)

628 Notre Dame St, Grosse Pointe, MI 48230

3 beds • 2 baths • 1745 sqft

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This property looks like a bad Long-Term investment with a projected -17.24% first-year return on $88,872 initial cash invested.

-17.24%

Cash On Cash

2.82%

Cap Rate

0.46

DSCR

$2,056

Rent

-$1,277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,056 income − $3,333 expenses = $1,277 out of pocket

Income$2,056Out of Pocket$1,277Mortgage P&I$2,168105%Property Taxes$47823%Insurance$1527%Management$20610%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

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Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,872

Downpayment

20%

$84,640

Closing costs

1%

$4,232

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,056

Total Expenses

$3,333

Mortgage P&I

105%

$2,168

Property Taxes

23%

$478

Home Insurance

7%

$152

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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