REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,108 (target)

12229 Chevelle Dr, Sterling Heights, MI 48312

3 beds • 2 baths • 1915 sqft

Email

This property looks like a bad Long-Term investment with a projected -2.31% first-year return on $48,279 initial cash invested.

-2.31%

Cash On Cash

6.83%

Cap Rate

1.01

DSCR

$2,108

Rent

-$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,108 income − $2,201 expenses = $93 out of pocket

Income$2,108Out of Pocket$93Mortgage P&I$1,29661%Property Taxes$27813%Insurance$804%Management$21110%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,108

Total Expenses

$2,201

Mortgage P&I

61%

$1,296

Property Taxes

13%

$278

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$211

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis