REI Lense

REI Lense

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$1,779 (target)

15435 Jonas Ave, Allen Park, MI 48101

3 beds • 2 baths • 1855 sqft

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This property looks like a bad Long-Term investment with a projected -12.02% first-year return on $47,040 initial cash invested.

-12.02%

Cash On Cash

4.57%

Cap Rate

0.69

DSCR

$1,779

Rent

-$471

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,779 income − $2,250 expenses = $471 out of pocket

Income$1,779Out of Pocket$471Mortgage P&I$1,23569%Property Taxes$47227%Insurance$804%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$224k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,040

Downpayment

20%

$44,800

Closing costs

1%

$2,240

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,779

Total Expenses

$2,250

Mortgage P&I

69%

$1,235

Property Taxes

27%

$472

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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