REI Lense

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$1,411 (target)

14167 Longacre St, Detroit, MI 48227

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Long-Term investment with a projected -16.27% first-year return on $54,579 initial cash invested.

-16.27%

Cash On Cash

3.31%

Cap Rate

0.52

DSCR

$1,411

Rent

-$740

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,411 income − $2,151 expenses = $740 out of pocket

Income$1,411Out of Pocket$740Mortgage P&I$1,38698%Property Taxes$30622%Insurance$916%Management$14110%CapEx$715%Vacancy$856%Maintenance$715%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,411

Total Expenses

$2,151

Mortgage P&I

98%

$1,386

Property Taxes

22%

$306

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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