REI Lense

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$1,569 (target)

24895 Beck Ave, Eastpointe, MI 48021

3 beds • 2 baths • 2052 sqft

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This property looks like a bad Mid-Term investment with a projected -12.7% first-year return on $59,979 initial cash invested.

-12.7%

Cash On Cash

3%

Cap Rate

0.47

DSCR

$1,569

Rent

-$635

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,569 income − $2,204 expenses = $635 out of pocket

Income$1,569Out of Pocket$635Mortgage P&I$1,07168%Property Taxes$52934%Insurance$704%Management$18812%CapEx$634%Vacancy$473%Maintenance$634%Other$17311%

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,569

Total Expenses

$2,204

Mortgage P&I

68%

$1,071

Property Taxes

34%

$529

Home Insurance

4%

$70

HOA

0%

$0

Property Management

12%

$188

CapEx

4%

$63

Vacancy

3%

$47

Maintenance

4%

$63

Other

11%

$173

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