REI Lense

REI Lense

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$1,363 (target)

18708 Robson St, Detroit, MI 48235

3 beds • 2 baths • 2068 sqft

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This property looks like a bad Long-Term investment with a projected -4.37% first-year return on $35,700 initial cash invested.

-4.37%

Cash On Cash

5.95%

Cap Rate

0.93

DSCR

$1,363

Rent

-$130

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,700

Downpayment

20%

$34,000

Closing costs

1%

$1,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,363

Total Expenses

$1,493

Mortgage P&I

66%

$905

Property Taxes

13%

$174

Home Insurance

4%

$60

HOA

0%

$0

Property Management

10%

$136

CapEx

5%

$68

Vacancy

6%

$82

Maintenance

5%

$68

Other

0%

$0

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