REI Lense

REI Lense

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$2,182 (target)

21675 Outer Dr, Dearborn, MI 48124

3 beds • 2 baths • 2962 sqft

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This property looks like a bad Long-Term investment with a projected -13.67% first-year return on $85,848 initial cash invested.

-13.67%

Cash On Cash

3.31%

Cap Rate

0.57

DSCR

$2,182

Rent

-$978

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,848

Downpayment

20%

$81,760

Closing costs

1%

$4,088

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,182

Total Expenses

$3,160

Mortgage P&I

92%

$1,998

Property Taxes

21%

$448

Home Insurance

7%

$147

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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