REI Lense

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$4,072 (target)

841 Driburg Dr, Commerce Township, MI 48390

3 beds • 2 baths • 1613 sqft

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This property looks like a bad Mid-Term investment with a projected -6.01% first-year return on $132k initial cash invested.

-6.01%

Cash On Cash

5.13%

Cap Rate

0.82

DSCR

$4,072

Rent

-$661

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,072 income − $4,733 expenses = $661 out of pocket

Income$4,072Out of Pocket$661Mortgage P&I$2,82169%Property Taxes$3318%Insurance$1965%Management$48912%CapEx$1634%Vacancy$1223%Maintenance$1634%Other$44811%

Investment Breakdown

|

Purchase Price

$543k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$109k

Closing costs

1%

$5,432

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,072

Total Expenses

$4,733

Mortgage P&I

69%

$2,821

Property Taxes

8%

$331

Home Insurance

5%

$196

HOA

0%

$0

Property Management

12%

$489

CapEx

4%

$163

Vacancy

3%

$122

Maintenance

4%

$163

Other

11%

$448

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