REI Lense

REI Lense

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$1,524 (target)

23236 Albion Ave, Farmington Hills, MI 48336

3 beds • 2 baths • 1104 sqft

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This property looks like a bad Long-Term investment with a projected -10.37% first-year return on $49,518 initial cash invested.

-10.37%

Cash On Cash

4.82%

Cap Rate

0.73

DSCR

$1,524

Rent

-$428

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,524 income − $1,952 expenses = $428 out of pocket

Income$1,524Out of Pocket$428Mortgage P&I$1,30085%Property Taxes$16311%Insurance$946%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$236k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,518

Downpayment

20%

$47,160

Closing costs

1%

$2,358

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,524

Total Expenses

$1,952

Mortgage P&I

85%

$1,300

Property Taxes

11%

$163

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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