REI Lense

REI Lense

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$2,624 (target)

19620 Silver Spring St, Southfield, MI 48076

3 beds • 3 baths • 2100 sqft

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This property looks like a bad Long-Term investment with a projected -9.08% first-year return on $72,429 initial cash invested.

-9.08%

Cash On Cash

4.63%

Cap Rate

0.76

DSCR

$2,624

Rent

-$548

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,429

Downpayment

20%

$68,980

Closing costs

1%

$3,449

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,624

Total Expenses

$3,172

Mortgage P&I

67%

$1,749

Property Taxes

23%

$609

Home Insurance

5%

$133

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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