REI Lense

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$2,313 (target)

8888 Mystic Ln, Warren, MI 48093

3 beds • 2 baths • 3365 sqft

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This property looks like a bad Mid-Term investment with a projected -9.12% first-year return on $82,638 initial cash invested.

-9.12%

Cash On Cash

4.42%

Cap Rate

0.68

DSCR

$2,313

Rent

-$628

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,313 income − $2,941 expenses = $628 out of pocket

Income$2,313Out of Pocket$628Mortgage P&I$1,67072%Property Taxes$37416%Insurance$1105%Management$27812%CapEx$934%Vacancy$693%Maintenance$934%Other$25411%

Investment Breakdown

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Purchase Price

$308k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,638

Downpayment

20%

$61,560

Closing costs

1%

$3,078

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,313

Total Expenses

$2,941

Mortgage P&I

72%

$1,670

Property Taxes

16%

$374

Home Insurance

5%

$110

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$69

Maintenance

4%

$93

Other

11%

$254

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