REI Lense

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$1,074 (target)

24612 Rosalind Ave, Eastpointe, MI 48021

3 beds • 2 baths • 1913 sqft

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This property looks like a bad Long-Term investment with a projected -12.54% first-year return on $36,750 initial cash invested.

-12.54%

Cash On Cash

4.18%

Cap Rate

0.65

DSCR

$1,074

Rent

-$384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,074 income − $1,458 expenses = $384 out of pocket

Income$1,074Out of Pocket$384Mortgage P&I$94088%Property Taxes$17817%Insurance$616%Management$10710%CapEx$545%Vacancy$646%Maintenance$545%

Investment Breakdown

|

Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,750

Downpayment

20%

$35,000

Closing costs

1%

$1,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,074

Total Expenses

$1,458

Mortgage P&I

88%

$940

Property Taxes

17%

$178

Home Insurance

6%

$61

HOA

0%

$0

Property Management

10%

$107

CapEx

5%

$54

Vacancy

6%

$64

Maintenance

5%

$54

Other

0%

$0

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