REI Lense

REI Lense

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$2,737 (target)

6400 Lake Meadow Dr, Waterford, MI 48327

3 beds • 3 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -7.23% first-year return on $75,222 initial cash invested.

-7.23%

Cash On Cash

5.07%

Cap Rate

0.83

DSCR

$2,737

Rent

-$453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,737 income − $3,190 expenses = $453 out of pocket

Income$2,737Out of Pocket$453Mortgage P&I$1,82867%Property Taxes$42415%Insurance$1265%HOA$1004%Management$27410%CapEx$1375%Vacancy$1646%Maintenance$1375%

Investment Breakdown

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Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,222

Downpayment

20%

$71,640

Closing costs

1%

$3,582

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,737

Total Expenses

$3,190

Mortgage P&I

67%

$1,828

Property Taxes

15%

$424

Home Insurance

5%

$126

HOA

4%

$100

Property Management

10%

$274

CapEx

5%

$137

Vacancy

6%

$164

Maintenance

5%

$137

Other

0%

$0

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