REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,824 (target)

23010 Purdue Ave, Farmington Hills, MI 48336

3 beds • 3 baths • 1528 sqft

Email

This property might be a fair Mid-Term investment with a projected 0.5% first-year return on $59,580 initial cash invested.

0.5%

Cash On Cash

7.63%

Cap Rate

1.12

DSCR

$2,824

Rent

$25

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,824 income − $2,799 expenses = $25 cash flow

Income$2,824Mortgage P&I$1,12140%Property Taxes$64823%Insurance$692%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%Cash Flow$25

Investment Breakdown

|

Purchase Price

$198k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,580

Downpayment

20%

$39,600

Closing costs

1%

$1,980

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,824

Total Expenses

$2,799

Mortgage P&I

40%

$1,121

Property Taxes

23%

$648

Home Insurance

2%

$69

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis