REI Lense

REI Lense

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$1,568 (target)

19422 Garfield Ave, Redford, MI 48240

3 beds • 3 baths • 2418 sqft

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This property looks like a bad Long-Term investment with a projected -2.23% first-year return on $36,666 initial cash invested.

-2.23%

Cash On Cash

6.36%

Cap Rate

1.01

DSCR

$1,568

Rent

-$68

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$175k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,666

Downpayment

20%

$34,920

Closing costs

1%

$1,746

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,568

Total Expenses

$1,636

Mortgage P&I

58%

$916

Property Taxes

14%

$225

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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