REI Lense

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$1,817 (target)

23350 Wilson Ave, Dearborn, MI 48128

3 beds • 2 baths • 1920 sqft

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This property looks like a bad Long-Term investment with a projected -5.93% first-year return on $51,639 initial cash invested.

-5.93%

Cash On Cash

5.33%

Cap Rate

0.87

DSCR

$1,817

Rent

-$255

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,817 income − $2,072 expenses = $255 out of pocket

Income$1,817Out of Pocket$255Mortgage P&I$1,25769%Property Taxes$24914%Insurance$935%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

|

Purchase Price

$246k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,639

Downpayment

20%

$49,180

Closing costs

1%

$2,459

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,817

Total Expenses

$2,072

Mortgage P&I

69%

$1,257

Property Taxes

14%

$249

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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