REI Lense

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$3,422 (target)

1706 Princeton Rd, Berkley, MI 48072

3 beds • 2 baths • 1789 sqft

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This property looks like a bad Mid-Term investment with a projected -1.22% first-year return on $93,390 initial cash invested.

-1.22%

Cash On Cash

6.09%

Cap Rate

1.02

DSCR

$3,422

Rent

-$95

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,422 income − $3,517 expenses = $95 out of pocket

Income$3,422Out of Pocket$95Mortgage P&I$1,77952%Property Taxes$44813%Insurance$1264%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,422

Total Expenses

$3,517

Mortgage P&I

52%

$1,779

Property Taxes

13%

$448

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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