REI Lense

REI Lense

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$1,998 (target)

22720 Wellington St, Dearborn, MI 48124

3 beds • 2 baths • 2186 sqft

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This property looks like a bad Long-Term investment with a projected -13.9% first-year return on $72,513 initial cash invested.

-13.9%

Cash On Cash

3.51%

Cap Rate

0.58

DSCR

$1,998

Rent

-$840

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

$72,513

Downpayment

20%

$69,060

Closing costs

1%

$3,453

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,998

Total Expenses

$2,838

Mortgage P&I

88%

$1,751

Property Taxes

22%

$448

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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