REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,018 (target)

1707 Albany St, Ferndale, MI 48220

3 beds • 2 baths • 1164 sqft

Email

This property looks like a bad Mid-Term investment with a projected -5.28% first-year return on $92,088 initial cash invested.

-5.28%

Cash On Cash

5.27%

Cap Rate

0.84

DSCR

$3,018

Rent

-$405

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,018 income − $3,423 expenses = $405 out of pocket

Income$3,018Out of Pocket$405Mortgage P&I$1,83261%Property Taxes$43815%Insurance$1264%Management$36212%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%

Investment Breakdown

|

Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,088

Downpayment

20%

$70,560

Closing costs

1%

$3,528

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,018

Total Expenses

$3,423

Mortgage P&I

61%

$1,832

Property Taxes

15%

$438

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$362

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis