REI Lense

REI Lense

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$2,995 (target)

7096 Riverstone Rd, West Bloomfield, MI 48322

3 beds • 3 baths • 3204 sqft

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This property looks like a bad Long-Term investment with a projected -6.59% first-year return on $83,223 initial cash invested.

-6.59%

Cash On Cash

5.08%

Cap Rate

0.85

DSCR

$2,995

Rent

-$457

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,995 income − $3,452 expenses = $457 out of pocket

Income$2,995Out of Pocket$457Mortgage P&I$1,98666%Property Taxes$52918%Insurance$1445%HOA$13Management$30010%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,223

Downpayment

20%

$79,260

Closing costs

1%

$3,963

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,995

Total Expenses

$3,452

Mortgage P&I

66%

$1,986

Property Taxes

18%

$529

Home Insurance

5%

$144

HOA

0%

$13

Property Management

10%

$300

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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