REI Lense

REI Lense

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$2,511 (target)

9971 Merriman Rd, Livonia, MI 48150

3 beds • 3 baths • 2500 sqft

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This property looks like a bad Long-Term investment with a projected -0.02% first-year return on $61,950 initial cash invested.

-0.02%

Cash On Cash

6.55%

Cap Rate

1.08

DSCR

$2,511

Rent

-$1

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,511 income − $2,512 expenses = $1 out of pocket

Income$2,511Out of Pocket$1Mortgage P&I$1,48559%Property Taxes$26811%Insurance$1054%Management$25110%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,511

Total Expenses

$2,512

Mortgage P&I

59%

$1,485

Property Taxes

11%

$268

Home Insurance

4%

$105

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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