REI Lense

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$2,444 (target)

2232 Columbia Rd, Berkley, MI 48072

3 beds • 2 baths • 1774 sqft

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This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $68,901 initial cash invested.

-8.97%

Cash On Cash

4.55%

Cap Rate

0.76

DSCR

$2,444

Rent

-$515

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,444 income − $2,959 expenses = $515 out of pocket

Income$2,444Out of Pocket$515Mortgage P&I$1,63867%Property Taxes$57223%Insurance$1145%Management$24410%CapEx$1225%Vacancy$1476%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,901

Downpayment

20%

$65,620

Closing costs

1%

$3,281

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,444

Total Expenses

$2,959

Mortgage P&I

67%

$1,638

Property Taxes

23%

$572

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$147

Maintenance

5%

$122

Other

0%

$0

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