REI Lense

REI Lense

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$2,141 (target)

21170 Outer Dr, Dearborn, MI 48124

3 beds • 3 baths • 3150 sqft

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This property looks like a bad Long-Term investment with a projected -17.15% first-year return on $107k initial cash invested.

-17.15%

Cash On Cash

2.64%

Cap Rate

0.44

DSCR

$2,141

Rent

-$1,530

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,141 income − $3,671 expenses = $1,530 out of pocket

Income$2,141Out of Pocket$1,530Mortgage P&I$2,545119%Property Taxes$39218%Insurance$1788%Management$21410%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$510k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$102k

Closing costs

1%

$5,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,141

Total Expenses

$3,671

Mortgage P&I

119%

$2,545

Property Taxes

18%

$392

Home Insurance

8%

$178

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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