REI Lense

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$2,530 (target)

9034 Elmhurst Ave, Plymouth, MI 48170

3 beds • 2 baths • 1767 sqft

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This property looks like a bad Long-Term investment with a projected -7.54% first-year return on $77,700 initial cash invested.

-7.54%

Cash On Cash

4.79%

Cap Rate

0.8

DSCR

$2,530

Rent

-$488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,530 income − $3,018 expenses = $488 out of pocket

Income$2,530Out of Pocket$488Mortgage P&I$1,84073%Property Taxes$38815%Insurance$1335%Management$25310%CapEx$1265%Vacancy$1526%Maintenance$1265%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,700

Downpayment

20%

$74,000

Closing costs

1%

$3,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,530

Total Expenses

$3,018

Mortgage P&I

73%

$1,840

Property Taxes

15%

$388

Home Insurance

5%

$133

HOA

0%

$0

Property Management

10%

$253

CapEx

5%

$126

Vacancy

6%

$152

Maintenance

5%

$126

Other

0%

$0

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