REI Lense

REI Lense

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$2,174 (target)

16244 Philomene Blvd, Allen Park, MI 48101

3 beds • 2 baths • 2025 sqft

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This property looks like a bad Long-Term investment with a projected -7.54% first-year return on $64,470 initial cash invested.

-7.54%

Cash On Cash

4.81%

Cap Rate

0.81

DSCR

$2,174

Rent

-$405

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,174 income − $2,579 expenses = $405 out of pocket

Income$2,174Out of Pocket$405Mortgage P&I$1,52670%Property Taxes$35816%Insurance$1306%Management$21710%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,470

Downpayment

20%

$61,400

Closing costs

1%

$3,070

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,174

Total Expenses

$2,579

Mortgage P&I

70%

$1,526

Property Taxes

16%

$358

Home Insurance

6%

$130

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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