REI Lense

REI Lense

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$3,273 (target)

21675 Outer Dr, Dearborn, MI 48124

3 beds • 2 baths • 2962 sqft

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This property looks like a bad Mid-Term investment with a projected -5% first-year return on $104k initial cash invested.

-5%

Cash On Cash

4.98%

Cap Rate

0.85

DSCR

$3,273

Rent

-$433

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

$104k

Downpayment

20%

$81,760

Closing costs

1%

$4,088

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,273

Total Expenses

$3,706

Mortgage P&I

61%

$1,998

Property Taxes

14%

$448

Home Insurance

4%

$147

HOA

0%

$0

Property Management

12%

$393

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$360

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