REI Lense

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$2,556 (target)

15110 Drake St, Southgate, MI 48195

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Mid-Term investment with a projected -0.88% first-year return on $73,629 initial cash invested.

-0.88%

Cash On Cash

6.35%

Cap Rate

1.04

DSCR

$2,556

Rent

-$54

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,556 income − $2,610 expenses = $54 out of pocket

Income$2,556Out of Pocket$54Mortgage P&I$1,35453%Property Taxes$29412%Insurance$934%Management$30712%CapEx$1024%Vacancy$773%Maintenance$1024%Other$28111%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,629

Downpayment

20%

$52,980

Closing costs

1%

$2,649

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,556

Total Expenses

$2,610

Mortgage P&I

53%

$1,354

Property Taxes

12%

$294

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$307

CapEx

4%

$102

Vacancy

3%

$77

Maintenance

4%

$102

Other

11%

$281

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