REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,724 (target)

11100 Erdmann Rd, Sterling Heights, MI 48314

3 beds • 2 baths • 2200 sqft

Email

This property looks like a bad Long-Term investment with a projected -9.06% first-year return on $53,508 initial cash invested.

-9.06%

Cash On Cash

4.9%

Cap Rate

0.77

DSCR

$1,724

Rent

-$404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,724 income − $2,128 expenses = $404 out of pocket

Income$1,724Out of Pocket$404Mortgage P&I$1,35979%Property Taxes$22613%Insurance$966%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,508

Downpayment

20%

$50,960

Closing costs

1%

$2,548

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,724

Total Expenses

$2,128

Mortgage P&I

79%

$1,359

Property Taxes

13%

$226

Home Insurance

6%

$96

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis