REI Lense

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$2,942 (target)

71 Michelson Rd, Rochester Hills, MI 48307

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Mid-Term investment with a projected -4.59% first-year return on $86,838 initial cash invested.

-4.59%

Cash On Cash

5.86%

Cap Rate

0.88

DSCR

$2,942

Rent

-$332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,942 income − $3,274 expenses = $332 out of pocket

Income$2,942Out of Pocket$332Mortgage P&I$1,81662%Property Taxes$33811%Insurance$1194%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%

Investment Breakdown

|

Purchase Price

$328k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,838

Downpayment

20%

$65,560

Closing costs

1%

$3,278

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,942

Total Expenses

$3,274

Mortgage P&I

62%

$1,816

Property Taxes

11%

$338

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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