REI Lense

REI Lense

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$1,306 (target)

15300 Faircrest St, Detroit, MI 48205

3 beds • 2 baths • 940 sqft

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This property might be a fair Long-Term investment with a projected 2.34% first-year return on $21,000 initial cash invested.

2.34%

Cash On Cash

7.97%

Cap Rate

1.19

DSCR

$1,306

Rent

$41

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,306 income − $1,265 expenses = $41 cash flow

Income$1,306Mortgage P&I$55843%Property Taxes$33325%Insurance$353%Management$13110%CapEx$655%Vacancy$786%Maintenance$655%Cash Flow$41

Investment Breakdown

|

Purchase Price

$100,000

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$21,000

Downpayment

20%

$20,000

Closing costs

1%

$1,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,306

Total Expenses

$1,265

Mortgage P&I

43%

$558

Property Taxes

26%

$333

Home Insurance

3%

$35

HOA

0%

$0

Property Management

10%

$131

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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