REI Lense

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$2,207 (target)

1357 W Saratoga Ave, Ferndale, MI 48220

3 beds • 2 baths • 1177 sqft

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This property looks like a bad Long-Term investment with a projected -1.91% first-year return on $57,750 initial cash invested.

-1.91%

Cash On Cash

6.04%

Cap Rate

1.01

DSCR

$2,207

Rent

-$92

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,207 income − $2,299 expenses = $92 out of pocket

Income$2,207Out of Pocket$92Mortgage P&I$1,36662%Property Taxes$26412%Insurance$964%Management$22110%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,207

Total Expenses

$2,299

Mortgage P&I

62%

$1,366

Property Taxes

12%

$264

Home Insurance

4%

$96

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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