REI Lense

REI Lense

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$1,650 (target)

16354 Drake St, Southgate, MI 48195

3 beds • 2 baths • 2052 sqft

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This property looks like a bad Long-Term investment with a projected -5.5% first-year return on $33,390 initial cash invested.

-5.5%

Cash On Cash

5.77%

Cap Rate

0.92

DSCR

$1,650

Rent

-$153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$159k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,390

Downpayment

20%

$31,800

Closing costs

1%

$1,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,650

Total Expenses

$1,803

Mortgage P&I

51%

$836

Property Taxes

29%

$483

Home Insurance

3%

$56

HOA

0%

$0

Property Management

10%

$165

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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