REI Lense

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$2,436 (target)

20417 Sheffield Rd, Detroit, MI 48221

3 beds • 2 baths • 2265 sqft

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This property looks like a bad Mid-Term investment with a projected -5.24% first-year return on $71,256 initial cash invested.

-5.24%

Cash On Cash

4.96%

Cap Rate

0.83

DSCR

$2,436

Rent

-$311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,436 income − $2,747 expenses = $311 out of pocket

Income$2,436Out of Pocket$311Mortgage P&I$1,26252%Property Taxes$56523%Insurance$934%Management$29212%CapEx$974%Vacancy$733%Maintenance$974%Other$26811%

Investment Breakdown

|

Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,256

Downpayment

20%

$50,720

Closing costs

1%

$2,536

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,436

Total Expenses

$2,747

Mortgage P&I

52%

$1,262

Property Taxes

23%

$565

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$292

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$268

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