REI Lense

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$3,894 (target)

1707 Belmont St, Dearborn, MI 48128

3 beds • 3 baths • 2602 sqft

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This property looks like a bad Mid-Term investment with a projected -12.34% first-year return on $152k initial cash invested.

-12.34%

Cash On Cash

3.33%

Cap Rate

0.56

DSCR

$3,894

Rent

-$1,560

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,894 income − $5,454 expenses = $1,560 out of pocket

Income$3,894Out of Pocket$1,560Mortgage P&I$3,17281%Property Taxes$74819%Insurance$2105%Management$46712%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$42811%

Investment Breakdown

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Purchase Price

$637k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$127k

Closing costs

1%

$6,367

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,894

Total Expenses

$5,454

Mortgage P&I

81%

$3,172

Property Taxes

19%

$748

Home Insurance

5%

$210

HOA

0%

$0

Property Management

12%

$467

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$428

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