REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,381 (target)

24139 Philip Dr, Southfield, MI 48075

3 beds • 2 baths • 2054 sqft

Email

This property looks like a bad Long-Term investment with a projected -10.24% first-year return on $83,790 initial cash invested.

-10.24%

Cash On Cash

4.33%

Cap Rate

0.71

DSCR

$2,381

Rent

-$715

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,381 income − $3,096 expenses = $715 out of pocket

Income$2,381Out of Pocket$715Mortgage P&I$2,03786%Property Taxes$30013%Insurance$1406%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,790

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,381

Total Expenses

$3,096

Mortgage P&I

86%

$2,037

Property Taxes

13%

$300

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis