REI Lense

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$5,049 (target)

1240 Bird Ave, Birmingham, MI 48009

3 beds • 3 baths • 3866 sqft

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This property looks like a bad Long-Term investment with a projected -14.19% first-year return on $210k initial cash invested.

-14.19%

Cash On Cash

3.32%

Cap Rate

0.55

DSCR

$5,049

Rent

-$2,481

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,049 income − $7,530 expenses = $2,481 out of pocket

Income$5,049Out of Pocket$2,481Mortgage P&I$4,99599%Property Taxes$87317%Insurance$3507%Management$50510%CapEx$2525%Vacancy$3036%Maintenance$2525%

Investment Breakdown

|

Purchase Price

$999k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$210k

Downpayment

20%

$200k

Closing costs

1%

$9,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$5,049

Total Expenses

$7,530

Mortgage P&I

99%

$4,995

Property Taxes

17%

$873

Home Insurance

7%

$350

HOA

0%

$0

Property Management

10%

$505

CapEx

5%

$252

Vacancy

6%

$303

Maintenance

5%

$252

Other

0%

$0

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