REI Lense

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$2,140 (target)

8234 Arlis St, Commerce Township, MI 48382

3 beds • 2 baths • 1590 sqft

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This property looks like a bad Long-Term investment with a projected -8.42% first-year return on $56,133 initial cash invested.

-8.42%

Cash On Cash

4.97%

Cap Rate

0.79

DSCR

$2,140

Rent

-$394

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,140 income − $2,534 expenses = $394 out of pocket

Income$2,140Out of Pocket$394Mortgage P&I$1,39565%Property Taxes$48323%Insurance$964%HOA$4Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,133

Downpayment

20%

$53,460

Closing costs

1%

$2,673

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,140

Total Expenses

$2,534

Mortgage P&I

65%

$1,395

Property Taxes

23%

$483

Home Insurance

4%

$96

HOA

0%

$4

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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