REI Lense

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$2,342 (target)

17585 Faust Ave, Detroit, MI 48219

3 beds • 3 baths • 2200 sqft

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This property looks like a bad Mid-Term investment with a projected -0.93% first-year return on $68,379 initial cash invested.

-0.93%

Cash On Cash

6.52%

Cap Rate

1.03

DSCR

$2,342

Rent

-$53

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,342 income − $2,395 expenses = $53 out of pocket

Income$2,342Out of Pocket$53Mortgage P&I$1,26254%Property Taxes$25211%Insurance$844%Management$28112%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,342

Total Expenses

$2,395

Mortgage P&I

54%

$1,262

Property Taxes

11%

$252

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$281

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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