REI Lense

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$2,961 (target)

21025 Indian St, Southfield, MI 48033

3 beds • 2 baths • 1656 sqft

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This property might be a fair Mid-Term investment with a projected 8.4% first-year return on $65,565 initial cash invested.

8.4%

Cash On Cash

9.48%

Cap Rate

1.48

DSCR

$2,961

Rent

$459

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,961 income − $2,502 expenses = $459 cash flow

Income$2,961Mortgage P&I$1,21341%Property Taxes$2207%Insurance$632%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32611%Cash Flow$459

Investment Breakdown

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Purchase Price

$227k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,565

Downpayment

20%

$45,300

Closing costs

1%

$2,265

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,961

Total Expenses

$2,502

Mortgage P&I

41%

$1,213

Property Taxes

7%

$220

Home Insurance

2%

$63

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$326

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