REI Lense

REI Lense

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$1,492 (target)

22860 Rosalind Ave, Eastpointe, MI 48021

3 beds • 2 baths • 1152 sqft

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This property might be a fair Long-Term investment with a projected 2.23% first-year return on $31,227 initial cash invested.

2.23%

Cash On Cash

7.56%

Cap Rate

1.17

DSCR

$1,492

Rent

$58

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,492 income − $1,434 expenses = $58 cash flow

Income$1,492Mortgage P&I$80454%Property Taxes$18913%Insurance$523%Management$14910%CapEx$755%Vacancy$906%Maintenance$755%Cash Flow$58

Investment Breakdown

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Purchase Price

$149k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,227

Downpayment

20%

$29,740

Closing costs

1%

$1,487

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,492

Total Expenses

$1,434

Mortgage P&I

54%

$804

Property Taxes

13%

$189

Home Insurance

3%

$52

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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