REI Lense

REI Lense

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$2,997 (target)

22720 Wellington St, Dearborn, MI 48124

3 beds • 2 baths • 2186 sqft

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This property looks like a bad Mid-Term investment with a projected -4.52% first-year return on $90,513 initial cash invested.

-4.52%

Cash On Cash

5.32%

Cap Rate

0.87

DSCR

$2,997

Rent

-$341

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,513

Downpayment

20%

$69,060

Closing costs

1%

$3,453

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,997

Total Expenses

$3,338

Mortgage P&I

58%

$1,751

Property Taxes

15%

$448

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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