REI Lense

REI Lense

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$1,570 (target)

17400 Huntington Rd, Detroit, MI 48219

3 beds • 2 baths • 1380 sqft

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This property looks like a bad Long-Term investment with a projected -12.96% first-year return on $49,644 initial cash invested.

-12.96%

Cash On Cash

4.14%

Cap Rate

0.64

DSCR

$1,570

Rent

-$536

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,570 income − $2,106 expenses = $536 out of pocket

Income$1,570Out of Pocket$536Mortgage P&I$1,27481%Property Taxes$34322%Insurance$825%Management$15710%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$236k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,644

Downpayment

20%

$47,280

Closing costs

1%

$2,364

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,570

Total Expenses

$2,106

Mortgage P&I

81%

$1,274

Property Taxes

22%

$343

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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