REI Lense

REI Lense

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$1,689 (target)

19676 Woodmont St, Harper Woods, MI 48225

3 beds • 2 baths • 1430 sqft

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This property looks like a bad Long-Term investment with a projected -19.24% first-year return on $35,553 initial cash invested.

-19.24%

Cash On Cash

3.34%

Cap Rate

0.49

DSCR

$1,689

Rent

-$570

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,689 income − $2,259 expenses = $570 out of pocket

Income$1,689Out of Pocket$570Mortgage P&I$95757%Property Taxes$80448%Insurance$604%Management$16910%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$169k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,553

Downpayment

20%

$33,860

Closing costs

1%

$1,693

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,689

Total Expenses

$2,259

Mortgage P&I

57%

$957

Property Taxes

48%

$804

Home Insurance

4%

$60

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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