REI Lense

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$2,806 (target)

15840 Webster Ave, Southfield, MI 48076

3 beds • 2 baths • 1582 sqft

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This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $81,000 initial cash invested.

-2.37%

Cash On Cash

6.49%

Cap Rate

0.97

DSCR

$2,806

Rent

-$160

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,806 income − $2,966 expenses = $160 out of pocket

Income$2,806Out of Pocket$160Mortgage P&I$1,67160%Property Taxes$2368%Insurance$1054%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,806

Total Expenses

$2,966

Mortgage P&I

60%

$1,671

Property Taxes

8%

$236

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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