REI Lense

REI Lense

Unlock all features! Tap here to upgrade

6998 Meadowlake Rd, Bloomfield Hills, MI 48301

3 beds • 2 baths • 3707 sqft

Email

This property looks like a bad Airbnb investment with a projected -21.97% first-year return on $140k initial cash invested.

-21.97%

Cash On Cash

0.84%

Cap Rate

0.14

DSCR

$2,364

Rent

-$2,564

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,364 income − $4,928 expenses = $2,564 out of pocket

Income$2,364Out of Pocket$2,564Mortgage P&I$2,877122%Property Taxes$68429%Insurance$2109%HOA$211%Management$35515%CapEx$954%Maintenance$954%Other$59125%

Investment Breakdown

|

Purchase Price

$581k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,811

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,364

Total Expenses

$4,928

Mortgage P&I

122%

$2,877

Property Taxes

29%

$684

Home Insurance

9%

$210

HOA

1%

$21

Property Management

15%

$355

CapEx

4%

$95

Vacancy

0%

$0

Maintenance

4%

$95

Other

25%

$591

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis