REI Lense

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$3,970 (target)

2071 Dorothea Rd, Berkley, MI 48072

3 beds • 2 baths • 1984 sqft

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This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $106k initial cash invested.

-0.78%

Cash On Cash

6.49%

Cap Rate

1.04

DSCR

$3,970

Rent

-$69

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,970 income − $4,039 expenses = $69 out of pocket

Income$3,970Out of Pocket$69Mortgage P&I$2,17855%Property Taxes$3629%Insurance$1494%Management$47612%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43711%

Investment Breakdown

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Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,900

Closing costs

1%

$4,195

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,970

Total Expenses

$4,039

Mortgage P&I

55%

$2,178

Property Taxes

9%

$362

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$476

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$437

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