REI Lense

REI Lense

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$2,146 (target)

13164 Veronica St, Southgate, MI 48195

3 beds • 2 baths • 1808 sqft

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This property looks like a bad Long-Term investment with a projected -6.02% first-year return on $58,779 initial cash invested.

-6.02%

Cash On Cash

5.14%

Cap Rate

0.86

DSCR

$2,146

Rent

-$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,146

Total Expenses

$2,441

Mortgage P&I

65%

$1,386

Property Taxes

19%

$399

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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