REI Lense

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$2,596 (target)

1707 Belmont St, Dearborn, MI 48128

3 beds • 3 baths • 2602 sqft

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This property looks like a bad Long-Term investment with a projected -19.83% first-year return on $134k initial cash invested.

-19.83%

Cash On Cash

2.06%

Cap Rate

0.34

DSCR

$2,596

Rent

-$2,210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,596 income − $4,806 expenses = $2,210 out of pocket

Income$2,596Out of Pocket$2,210Mortgage P&I$3,172122%Property Taxes$74829%Insurance$2108%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$637k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$127k

Closing costs

1%

$6,367

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,596

Total Expenses

$4,806

Mortgage P&I

122%

$3,172

Property Taxes

29%

$748

Home Insurance

8%

$210

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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