REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,702 (target)

6998 Meadowlake Rd, Bloomfield Hills, MI 48301

3 beds • 2 baths • 3707 sqft

Email

This property looks like a bad Long-Term investment with a projected -17.62% first-year return on $122k initial cash invested.

-17.62%

Cash On Cash

2.52%

Cap Rate

0.42

DSCR

$2,702

Rent

-$1,792

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,702 income − $4,494 expenses = $1,792 out of pocket

Income$2,702Out of Pocket$1,792Mortgage P&I$2,877106%Property Taxes$68425%Insurance$2108%HOA$211%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

|

Purchase Price

$581k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,811

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,702

Total Expenses

$4,494

Mortgage P&I

106%

$2,877

Property Taxes

25%

$684

Home Insurance

8%

$210

HOA

1%

$21

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis