REI Lense

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$1,849 (target)

19007 Webster Ave, Southfield, MI 48076

3 beds • 2 baths • 1613 sqft

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This property looks like a bad Long-Term investment with a projected -8.22% first-year return on $60,270 initial cash invested.

-8.22%

Cash On Cash

4.7%

Cap Rate

0.78

DSCR

$1,849

Rent

-$413

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,849 income − $2,262 expenses = $413 out of pocket

Income$1,849Out of Pocket$413Mortgage P&I$1,44578%Property Taxes$23513%Insurance$1026%Management$18510%CapEx$925%Vacancy$1116%Maintenance$925%

Investment Breakdown

|

Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,270

Downpayment

20%

$57,400

Closing costs

1%

$2,870

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,849

Total Expenses

$2,262

Mortgage P&I

78%

$1,445

Property Taxes

13%

$235

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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