REI Lense

REI Lense

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$4,756 (target)

6340 Franklin Rd, Bloomfield Hills, MI 48301

3 beds • 3 baths • 2078 sqft

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This property looks like a bad Mid-Term investment with a projected -4.25% first-year return on $126k initial cash invested.

-4.25%

Cash On Cash

5.5%

Cap Rate

0.9

DSCR

$4,756

Rent

-$448

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,756 income − $5,204 expenses = $448 out of pocket

Income$4,756Out of Pocket$448Mortgage P&I$2,62655%Property Taxes$71015%Insurance$2014%HOA$501%Management$57112%CapEx$1904%Vacancy$1433%Maintenance$1904%Other$52311%

Investment Breakdown

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Purchase Price

$517k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,166

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,756

Total Expenses

$5,204

Mortgage P&I

55%

$2,626

Property Taxes

15%

$710

Home Insurance

4%

$201

HOA

1%

$50

Property Management

12%

$571

CapEx

4%

$190

Vacancy

3%

$143

Maintenance

4%

$190

Other

11%

$523

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