REI Lense

REI Lense

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$1,728 (target)

18257 Indian, Redford, MI 48240

3 beds • 2 baths • 1654 sqft

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This property looks like a bad Long-Term investment with a projected -10.74% first-year return on $45,717 initial cash invested.

-10.74%

Cash On Cash

4.69%

Cap Rate

0.72

DSCR

$1,728

Rent

-$409

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,728 income − $2,137 expenses = $409 out of pocket

Income$1,728Out of Pocket$409Mortgage P&I$1,17368%Property Taxes$43825%Insurance$774%Management$17310%CapEx$865%Vacancy$1046%Maintenance$865%

Investment Breakdown

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Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,717

Downpayment

20%

$43,540

Closing costs

1%

$2,177

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,728

Total Expenses

$2,137

Mortgage P&I

68%

$1,173

Property Taxes

25%

$438

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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