REI Lense

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$2,011 (target)

1726 Devon St, Ypsilanti, MI 48198

3 beds • 2 baths • 1230 sqft

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This property looks like a bad Long-Term investment with a projected -4.52% first-year return on $57,645 initial cash invested.

-4.52%

Cash On Cash

5.48%

Cap Rate

0.92

DSCR

$2,011

Rent

-$217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,011 income − $2,228 expenses = $217 out of pocket

Income$2,011Out of Pocket$217Mortgage P&I$1,37068%Property Taxes$23612%Insurance$985%Management$20110%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,645

Downpayment

20%

$54,900

Closing costs

1%

$2,745

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,011

Total Expenses

$2,228

Mortgage P&I

68%

$1,370

Property Taxes

12%

$236

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$201

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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