REI Lense

REI Lense

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$2,217 (target)

6880 Forestlawn Ct, Waterford, MI 48327

3 beds • 2 baths • 1709 sqft

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This property looks like a bad Long-Term investment with a projected -21.43% first-year return on $132k initial cash invested.

-21.43%

Cash On Cash

1.65%

Cap Rate

0.28

DSCR

$2,217

Rent

-$2,350

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,217 income − $4,567 expenses = $2,350 out of pocket

Income$2,217Out of Pocket$2,350Mortgage P&I$3,103140%Property Taxes$65930%Insurance$22810%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$627k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$125k

Closing costs

1%

$6,266

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,217

Total Expenses

$4,567

Mortgage P&I

140%

$3,103

Property Taxes

30%

$659

Home Insurance

10%

$228

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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