REI Lense

REI Lense

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$2,650 (target)

1706 Eaton Rd, Berkley, MI 48072

3 beds • 2 baths • 1867 sqft

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This property looks like a bad Long-Term investment with a projected -10.73% first-year return on $81,942 initial cash invested.

-10.73%

Cash On Cash

4.38%

Cap Rate

0.7

DSCR

$2,650

Rent

-$733

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,650 income − $3,383 expenses = $733 out of pocket

Income$2,650Out of Pocket$733Mortgage P&I$2,02676%Property Taxes$51720%Insurance$1526%Management$26510%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,942

Downpayment

20%

$78,040

Closing costs

1%

$3,902

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,650

Total Expenses

$3,383

Mortgage P&I

76%

$2,026

Property Taxes

20%

$517

Home Insurance

6%

$152

HOA

0%

$0

Property Management

10%

$265

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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