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11321 Lenore St, Redford, MI 48239

3 beds • 2 baths • 1843 sqft

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This property looks like a bad Long-Term investment with a projected -6.7% first-year return on $47,985 initial cash invested.

-6.7%

Cash On Cash

5.35%

Cap Rate

0.85

DSCR

$1,719

Rent

-$268

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,985

Downpayment

20%

$45,700

Closing costs

1%

$2,285

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,719

Total Expenses

$1,987

Mortgage P&I

70%

$1,201

Property Taxes

15%

$259

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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