REI Lense

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$2,534 (target)

19676 Woodmont St, Harper Woods, MI 48225

3 beds • 2 baths • 1430 sqft

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This property looks like a bad Mid-Term investment with a projected -3.32% first-year return on $53,553 initial cash invested.

-3.32%

Cash On Cash

6.45%

Cap Rate

0.95

DSCR

$2,534

Rent

-$148

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,534 income − $2,682 expenses = $148 out of pocket

Income$2,534Out of Pocket$148Mortgage P&I$95738%Property Taxes$80432%Insurance$602%Management$30412%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27911%

Investment Breakdown

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Purchase Price

$169k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,553

Downpayment

20%

$33,860

Closing costs

1%

$1,693

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,534

Total Expenses

$2,682

Mortgage P&I

38%

$957

Property Taxes

32%

$804

Home Insurance

2%

$60

HOA

0%

$0

Property Management

12%

$304

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$279

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