REI Lense

REI Lense

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$3,689 (target)

9359 Ivanhoe Dr, Plymouth, MI 48170

3 beds • 3 baths • 2642 sqft

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This property looks like a bad Long-Term investment with a projected -6.9% first-year return on $111k initial cash invested.

-6.9%

Cash On Cash

5.05%

Cap Rate

0.83

DSCR

$3,689

Rent

-$639

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,689 income − $4,328 expenses = $639 out of pocket

Income$3,689Out of Pocket$639Mortgage P&I$2,68173%Property Taxes$50014%Insurance$1895%Management$36910%CapEx$1845%Vacancy$2216%Maintenance$1845%

Investment Breakdown

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Purchase Price

$529k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$106k

Closing costs

1%

$5,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,689

Total Expenses

$4,328

Mortgage P&I

73%

$2,681

Property Taxes

14%

$500

Home Insurance

5%

$189

HOA

0%

$0

Property Management

10%

$369

CapEx

5%

$184

Vacancy

6%

$221

Maintenance

5%

$184

Other

0%

$0

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