REI Lense

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$2,647 (target)

2071 Dorothea Rd, Berkley, MI 48072

3 beds • 2 baths • 1984 sqft

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This property looks like a bad Long-Term investment with a projected -9.94% first-year return on $88,095 initial cash invested.

-9.94%

Cash On Cash

4.52%

Cap Rate

0.73

DSCR

$2,647

Rent

-$730

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,647 income − $3,377 expenses = $730 out of pocket

Income$2,647Out of Pocket$730Mortgage P&I$2,17882%Property Taxes$36214%Insurance$1496%Management$26510%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

|

Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,095

Downpayment

20%

$83,900

Closing costs

1%

$4,195

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,647

Total Expenses

$3,377

Mortgage P&I

82%

$2,178

Property Taxes

14%

$362

Home Insurance

6%

$149

HOA

0%

$0

Property Management

10%

$265

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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