REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,223 (target)

15404 Normandy St, Detroit, MI 48238

3 beds • 3 baths • 1686 sqft

Email

This property could be a profitable Mid-Term investment with a projected 18.79% first-year return on $42,150 initial cash invested.

18.79%

Cash On Cash

14.29%

Cap Rate

2.21

DSCR

$2,223

Rent

$660

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,223 income − $1,563 expenses = $660 cash flow

Income$2,223Mortgage P&I$62028%Property Taxes$1467%Insurance$402%Management$26712%CapEx$894%Vacancy$673%Maintenance$894%Other$24511%Cash Flow$660

Investment Breakdown

|

Purchase Price

$115k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,150

Downpayment

20%

$23,000

Closing costs

1%

$1,150

Rehab

0%

$0

Furnishing

16%

$18,000

Cashflow

Total Income

$2,223

Total Expenses

$1,563

Mortgage P&I

28%

$620

Property Taxes

7%

$146

Home Insurance

2%

$40

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis