REI Lense

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$2,486 (target)

7114 Copper Creek Dr, Ypsilanti, MI 48197

3 beds • 2 baths • 1605 sqft

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This property looks like a bad Long-Term investment with a projected -7.69% first-year return on $70,350 initial cash invested.

-7.69%

Cash On Cash

4.82%

Cap Rate

0.8

DSCR

$2,486

Rent

-$451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,486 income − $2,937 expenses = $451 out of pocket

Income$2,486Out of Pocket$451Mortgage P&I$1,67267%Property Taxes$48520%Insurance$1175%HOA$171%Management$24910%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,486

Total Expenses

$2,937

Mortgage P&I

67%

$1,672

Property Taxes

20%

$485

Home Insurance

5%

$117

HOA

1%

$17

Property Management

10%

$249

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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