REI Lense

REI Lense

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$1,859 (target)

6460 Whisper Ridge Ct, Burton, MI 48509

3 beds • 2 baths • 2272 sqft

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This property looks like a bad Long-Term investment with a projected -11.98% first-year return on $61,782 initial cash invested.

-11.98%

Cash On Cash

4.47%

Cap Rate

0.68

DSCR

$1,859

Rent

-$617

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,859 income − $2,476 expenses = $617 out of pocket

Income$1,859Out of Pocket$617Mortgage P&I$1,62187%Property Taxes$26714%Insurance$1046%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,782

Downpayment

20%

$58,840

Closing costs

1%

$2,942

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,859

Total Expenses

$2,476

Mortgage P&I

87%

$1,621

Property Taxes

14%

$267

Home Insurance

6%

$104

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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