REI Lense

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$1,842 (target)

1500 Sherwood Ct, Dearborn, MI 48124

3 beds • 2 baths • 1854 sqft

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This property looks like a bad Long-Term investment with a projected -13.31% first-year return on $64,197 initial cash invested.

-13.31%

Cash On Cash

3.6%

Cap Rate

0.6

DSCR

$1,842

Rent

-$712

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,842 income − $2,554 expenses = $712 out of pocket

Income$1,842Out of Pocket$712Mortgage P&I$1,53683%Property Taxes$42923%Insurance$1106%Management$18410%CapEx$925%Vacancy$1116%Maintenance$925%

Investment Breakdown

|

Purchase Price

$306k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,197

Downpayment

20%

$61,140

Closing costs

1%

$3,057

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,842

Total Expenses

$2,554

Mortgage P&I

83%

$1,536

Property Taxes

23%

$429

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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