REI Lense

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$2,851 (target)

23605 Beech Rd, Southfield, MI 48033

3 beds • 3 baths • 3496 sqft

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This property looks like a bad Long-Term investment with a projected -8.28% first-year return on $81,207 initial cash invested.

-8.28%

Cash On Cash

5.32%

Cap Rate

0.8

DSCR

$2,851

Rent

-$560

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,851 income − $3,411 expenses = $560 out of pocket

Income$2,851Out of Pocket$560Mortgage P&I$2,13075%Property Taxes$40814%Insurance$1315%Management$28510%CapEx$1435%Vacancy$1716%Maintenance$1435%

Investment Breakdown

|

Purchase Price

$387k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,207

Downpayment

20%

$77,340

Closing costs

1%

$3,867

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,851

Total Expenses

$3,411

Mortgage P&I

75%

$2,130

Property Taxes

14%

$408

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$285

CapEx

5%

$143

Vacancy

6%

$171

Maintenance

5%

$143

Other

0%

$0

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