REI Lense

REI Lense

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$1,307 (target)

14774 Woodmont Ave, Detroit, MI 48227

3 beds • 2 baths • 1423 sqft

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This property might be a fair Long-Term investment with a projected 2.33% first-year return on $25,200 initial cash invested.

2.33%

Cash On Cash

7.87%

Cap Rate

1.17

DSCR

$1,307

Rent

$49

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,307 income − $1,258 expenses = $49 cash flow

Income$1,307Mortgage P&I$67351%Property Taxes$20416%Insurance$423%Management$13110%CapEx$655%Vacancy$786%Maintenance$655%Cash Flow$49

Investment Breakdown

|

Purchase Price

$120k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$25,200

Downpayment

20%

$24,000

Closing costs

1%

$1,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,307

Total Expenses

$1,258

Mortgage P&I

51%

$673

Property Taxes

16%

$204

Home Insurance

3%

$42

HOA

0%

$0

Property Management

10%

$131

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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