REI Lense

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$1,704 (target)

15110 Drake St, Southgate, MI 48195

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -10.33% first-year return on $55,629 initial cash invested.

-10.33%

Cash On Cash

4.35%

Cap Rate

0.71

DSCR

$1,704

Rent

-$479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,704 income − $2,183 expenses = $479 out of pocket

Income$1,704Out of Pocket$479Mortgage P&I$1,35479%Property Taxes$29417%Insurance$935%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,629

Downpayment

20%

$52,980

Closing costs

1%

$2,649

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,704

Total Expenses

$2,183

Mortgage P&I

79%

$1,354

Property Taxes

17%

$294

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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