REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,039 (target)

18849 Delaware Ave, Redford, MI 48240

3 beds • 2 baths • 1300 sqft

Email

This property might be a fair Mid-Term investment with a projected 6.27% first-year return on $62,982 initial cash invested.

6.27%

Cash On Cash

9.15%

Cap Rate

1.38

DSCR

$3,039

Rent

$329

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,039 income − $2,710 expenses = $329 cash flow

Income$3,039Mortgage P&I$1,18239%Property Taxes$42414%Insurance$702%Management$36512%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33411%Cash Flow$329

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,982

Downpayment

20%

$42,840

Closing costs

1%

$2,142

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,039

Total Expenses

$2,710

Mortgage P&I

39%

$1,182

Property Taxes

14%

$424

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$365

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$334

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis