REI Lense

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$3,572 (target)

24139 Philip Dr, Southfield, MI 48075

3 beds • 2 baths • 2054 sqft

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This property looks like a bad Mid-Term investment with a projected -1.41% first-year return on $102k initial cash invested.

-1.41%

Cash On Cash

6.2%

Cap Rate

1.01

DSCR

$3,572

Rent

-$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,572 income − $3,692 expenses = $120 out of pocket

Income$3,572Out of Pocket$120Mortgage P&I$2,03757%Property Taxes$3008%Insurance$1404%Management$42912%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39311%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,572

Total Expenses

$3,692

Mortgage P&I

57%

$2,037

Property Taxes

8%

$300

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$393

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