REI Lense

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$1,618 (target)

11720 Nathaline, Redford, MI 48239

3 beds • 2 baths • 1546 sqft

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This property looks like a bad Long-Term investment with a projected -3.66% first-year return on $41,979 initial cash invested.

-3.66%

Cash On Cash

6.24%

Cap Rate

0.96

DSCR

$1,618

Rent

-$128

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,618 income − $1,746 expenses = $128 out of pocket

Income$1,618Out of Pocket$128Mortgage P&I$1,08667%Property Taxes$16910%Insurance$704%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,618

Total Expenses

$1,746

Mortgage P&I

67%

$1,086

Property Taxes

10%

$169

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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