REI Lense

REI Lense

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$3,171 (target)

6340 Franklin Rd, Bloomfield Hills, MI 48301

3 beds • 3 baths • 2078 sqft

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This property looks like a bad Long-Term investment with a projected -13.73% first-year return on $108k initial cash invested.

-13.73%

Cash On Cash

3.59%

Cap Rate

0.59

DSCR

$3,171

Rent

-$1,241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,171 income − $4,412 expenses = $1,241 out of pocket

Income$3,171Out of Pocket$1,241Mortgage P&I$2,62683%Property Taxes$71022%Insurance$2016%HOA$502%Management$31710%CapEx$1595%Vacancy$1906%Maintenance$1595%

Investment Breakdown

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Purchase Price

$517k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$103k

Closing costs

1%

$5,166

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,171

Total Expenses

$4,412

Mortgage P&I

83%

$2,626

Property Taxes

22%

$710

Home Insurance

6%

$201

HOA

2%

$50

Property Management

10%

$317

CapEx

5%

$159

Vacancy

6%

$190

Maintenance

5%

$159

Other

0%

$0

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