REI Lense

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$1,584 (target)

21305 Prestwick Ave, Harper Woods, MI 48225

3 beds • 2 baths • 1950 sqft

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This property looks like a bad Long-Term investment with a projected -8.52% first-year return on $38,871 initial cash invested.

-8.52%

Cash On Cash

5.14%

Cap Rate

0.8

DSCR

$1,584

Rent

-$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,584 income − $1,860 expenses = $276 out of pocket

Income$1,584Out of Pocket$276Mortgage P&I$99063%Property Taxes$39425%Insurance$654%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,871

Downpayment

20%

$37,020

Closing costs

1%

$1,851

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,584

Total Expenses

$1,860

Mortgage P&I

63%

$990

Property Taxes

25%

$394

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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