REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,363 (target)

23806 Puritan St, Detroit, MI 48223

3 beds • 2 baths • 1427 sqft

Email

This property could be a profitable Long-Term investment with a projected 10.9% first-year return on $20,580 initial cash invested.

10.9%

Cash On Cash

9.69%

Cap Rate

1.48

DSCR

$1,363

Rent

$187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,363 income − $1,176 expenses = $187 cash flow

Income$1,363Mortgage P&I$53639%Property Taxes$20915%Insurance$776%Management$13610%CapEx$685%Vacancy$826%Maintenance$685%Cash Flow$187

Investment Breakdown

|

Purchase Price

$98,000

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$20,580

Downpayment

20%

$19,600

Closing costs

1%

$980

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,363

Total Expenses

$1,176

Mortgage P&I

39%

$536

Property Taxes

15%

$209

Home Insurance

6%

$77

HOA

0%

$0

Property Management

10%

$136

CapEx

5%

$68

Vacancy

6%

$82

Maintenance

5%

$68

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis