REI Lense

REI Lense

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$1,598 (target)

20524 Indian, Redford, MI 48240

3 beds • 2 baths • 988 sqft

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This property looks like a bad Long-Term investment with a projected -6.06% first-year return on $40,404 initial cash invested.

-6.06%

Cash On Cash

5.63%

Cap Rate

0.88

DSCR

$1,598

Rent

-$204

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,598 income − $1,802 expenses = $204 out of pocket

Income$1,598Out of Pocket$204Mortgage P&I$1,02664%Property Taxes$29218%Insurance$684%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$192k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,404

Downpayment

20%

$38,480

Closing costs

1%

$1,924

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,598

Total Expenses

$1,802

Mortgage P&I

64%

$1,026

Property Taxes

18%

$292

Home Insurance

4%

$68

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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