REI Lense

REI Lense

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$2,384 (target)

711 Jamaica Dr, Troy, MI 48083

3 beds • 2 baths • 1983 sqft

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This property looks like a bad Long-Term investment with a projected -12.19% first-year return on $89,250 initial cash invested.

-12.19%

Cash On Cash

3.84%

Cap Rate

0.63

DSCR

$2,384

Rent

-$907

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,384 income − $3,291 expenses = $907 out of pocket

Income$2,384Out of Pocket$907Mortgage P&I$2,14790%Property Taxes$37616%Insurance$1496%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,250

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,384

Total Expenses

$3,291

Mortgage P&I

90%

$2,147

Property Taxes

16%

$376

Home Insurance

6%

$149

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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