REI Lense

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$3,260 (target)

22808 Greenview Rd, Southfield, MI 48075

3 beds • 3 baths • 1724 sqft

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This property looks like a bad Mid-Term investment with a projected -1.77% first-year return on $81,945 initial cash invested.

-1.77%

Cash On Cash

6.13%

Cap Rate

1.01

DSCR

$3,260

Rent

-$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,260 income − $3,381 expenses = $121 out of pocket

Income$3,260Out of Pocket$121Mortgage P&I$1,54647%Property Taxes$62219%Insurance$1053%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35911%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,945

Downpayment

20%

$60,900

Closing costs

1%

$3,045

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,260

Total Expenses

$3,381

Mortgage P&I

47%

$1,546

Property Taxes

19%

$622

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$359

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