REI Lense

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$2,854 (target)

22311 Cleveland St, Dearborn, MI 48124

3 beds • 2 baths • 1835 sqft

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This property might be a fair Mid-Term investment with a projected 4.26% first-year return on $70,500 initial cash invested.

4.26%

Cash On Cash

8.19%

Cap Rate

1.27

DSCR

$2,854

Rent

$250

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,854 income − $2,604 expenses = $250 cash flow

Income$2,854Mortgage P&I$1,34247%Property Taxes$2047%Insurance$883%Management$34212%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%Cash Flow$250

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,854

Total Expenses

$2,604

Mortgage P&I

47%

$1,342

Property Taxes

7%

$204

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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