REI Lense

REI Lense

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$2,503 (target)

9817 Eckles Rd, Plymouth, MI 48170

3 beds • 3 baths • 2014 sqft

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This property looks like a bad Long-Term investment with a projected -11.73% first-year return on $91,350 initial cash invested.

-11.73%

Cash On Cash

3.94%

Cap Rate

0.65

DSCR

$2,503

Rent

-$893

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,503 income − $3,396 expenses = $893 out of pocket

Income$2,503Out of Pocket$893Mortgage P&I$2,19588%Property Taxes$39916%Insurance$1526%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

|

Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,350

Downpayment

20%

$87,000

Closing costs

1%

$4,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,503

Total Expenses

$3,396

Mortgage P&I

88%

$2,195

Property Taxes

16%

$399

Home Insurance

6%

$152

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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