REI Lense

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$2,603 (target)

7878 Greene Farm Dr, Ypsilanti, MI 48197

3 beds • 3 baths • 1769 sqft

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This property looks like a bad Long-Term investment with a projected -10.07% first-year return on $77,973 initial cash invested.

-10.07%

Cash On Cash

4.36%

Cap Rate

0.72

DSCR

$2,603

Rent

-$654

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,603 income − $3,257 expenses = $654 out of pocket

Income$2,603Out of Pocket$654Mortgage P&I$1,87472%Property Taxes$55321%Insurance$1335%HOA$211%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$371k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,973

Downpayment

20%

$74,260

Closing costs

1%

$3,713

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,603

Total Expenses

$3,257

Mortgage P&I

72%

$1,874

Property Taxes

21%

$553

Home Insurance

5%

$133

HOA

1%

$21

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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