REI Lense

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$4,652 (target)

6704 Redford Cir, Troy, MI 48085

3 beds • 3 baths • 2081 sqft

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This property looks like a bad Mid-Term investment with a projected -0.68% first-year return on $121k initial cash invested.

-0.68%

Cash On Cash

6.25%

Cap Rate

1.05

DSCR

$4,652

Rent

-$69

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,652 income − $4,721 expenses = $69 out of pocket

Income$4,652Out of Pocket$69Mortgage P&I$2,44553%Property Taxes$51211%Insurance$1824%Management$55812%CapEx$1864%Vacancy$1403%Maintenance$1864%Other$51211%

Investment Breakdown

|

Purchase Price

$492k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,340

Closing costs

1%

$4,917

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,652

Total Expenses

$4,721

Mortgage P&I

53%

$2,445

Property Taxes

11%

$512

Home Insurance

4%

$182

HOA

0%

$0

Property Management

12%

$558

CapEx

4%

$186

Vacancy

3%

$140

Maintenance

4%

$186

Other

11%

$512

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