REI Lense

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$4,492 (target)

7096 Riverstone Rd, West Bloomfield, MI 48322

3 beds • 3 baths • 3204 sqft

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This property might be a fair Mid-Term investment with a projected 3.46% first-year return on $101k initial cash invested.

3.46%

Cash On Cash

7.44%

Cap Rate

1.24

DSCR

$4,492

Rent

$292

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,492 income − $4,200 expenses = $292 cash flow

Income$4,492Mortgage P&I$1,98644%Property Taxes$52912%Insurance$1443%HOA$13Management$53912%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49411%Cash Flow$292

Investment Breakdown

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Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,260

Closing costs

1%

$3,963

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,492

Total Expenses

$4,200

Mortgage P&I

44%

$1,986

Property Taxes

12%

$529

Home Insurance

3%

$144

HOA

0%

$13

Property Management

12%

$539

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$494

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