REI Lense

REI Lense

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$1,981 (target)

18951 Santa Rosa Dr, Detroit, MI 48221

3 beds • 3 baths • 2488 sqft

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This property looks like a bad Long-Term investment with a projected -3.15% first-year return on $48,027 initial cash invested.

-3.15%

Cash On Cash

6.13%

Cap Rate

0.98

DSCR

$1,981

Rent

-$126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,981 income − $2,107 expenses = $126 out of pocket

Income$1,981Out of Pocket$126Mortgage P&I$1,19560%Property Taxes$31716%Insurance$804%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,027

Downpayment

20%

$45,740

Closing costs

1%

$2,287

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,981

Total Expenses

$2,107

Mortgage P&I

60%

$1,195

Property Taxes

16%

$317

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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