REI Lense

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$3,566 (target)

1487 Emmons Ave, Birmingham, MI 48009

3 beds • 2 baths • 1325 sqft

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This property looks like a bad Long-Term investment with a projected -2.73% first-year return on $91,581 initial cash invested.

-2.73%

Cash On Cash

5.93%

Cap Rate

0.99

DSCR

$3,566

Rent

-$208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,566 income − $3,774 expenses = $208 out of pocket

Income$3,566Out of Pocket$208Mortgage P&I$2,18561%Property Taxes$50414%Insurance$1584%Management$35710%CapEx$1785%Vacancy$2146%Maintenance$1785%

Investment Breakdown

|

Purchase Price

$436k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,581

Downpayment

20%

$87,220

Closing costs

1%

$4,361

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,566

Total Expenses

$3,774

Mortgage P&I

61%

$2,185

Property Taxes

14%

$504

Home Insurance

4%

$158

HOA

0%

$0

Property Management

10%

$357

CapEx

5%

$178

Vacancy

6%

$214

Maintenance

5%

$178

Other

0%

$0

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