REI Lense

REI Lense

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$1,568 (target)

16500 Lindsay St, Detroit, MI 48235

3 beds • 2 baths • 1389 sqft

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This property might be a fair Long-Term investment with a projected 5.18% first-year return on $28,728 initial cash invested.

5.18%

Cash On Cash

8.5%

Cap Rate

1.26

DSCR

$1,568

Rent

$124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,568 income − $1,444 expenses = $124 cash flow

Income$1,568Mortgage P&I$76749%Property Taxes$23015%Insurance$403%Management$15710%CapEx$785%Vacancy$946%Maintenance$785%Cash Flow$124

Investment Breakdown

|

Purchase Price

$137k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,728

Downpayment

20%

$27,360

Closing costs

1%

$1,368

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,568

Total Expenses

$1,444

Mortgage P&I

49%

$767

Property Taxes

15%

$230

Home Insurance

3%

$40

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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