REI Lense

REI Lense

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$1,782 (target)

15580 Aster Ave, Allen Park, MI 48101

3 beds • 3 baths • 1719 sqft

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This property looks like a bad Long-Term investment with a projected -6.87% first-year return on $46,809 initial cash invested.

-6.87%

Cash On Cash

5.44%

Cap Rate

0.85

DSCR

$1,782

Rent

-$268

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,782 income − $2,050 expenses = $268 out of pocket

Income$1,782Out of Pocket$268Mortgage P&I$1,18967%Property Taxes$31017%Insurance$885%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$223k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,809

Downpayment

20%

$44,580

Closing costs

1%

$2,229

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,782

Total Expenses

$2,050

Mortgage P&I

67%

$1,189

Property Taxes

17%

$310

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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