REI Lense

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$1,046 (target)

24895 Beck Ave, Eastpointe, MI 48021

3 beds • 2 baths • 2052 sqft

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This property looks like a bad Long-Term investment with a projected -25.61% first-year return on $41,979 initial cash invested.

-25.61%

Cash On Cash

1.36%

Cap Rate

0.21

DSCR

$1,046

Rent

-$896

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,046 income − $1,942 expenses = $896 out of pocket

Income$1,046Out of Pocket$896Mortgage P&I$1,071102%Property Taxes$52951%Insurance$707%Management$10510%CapEx$525%Vacancy$636%Maintenance$525%

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,046

Total Expenses

$1,942

Mortgage P&I

102%

$1,071

Property Taxes

51%

$529

Home Insurance

7%

$70

HOA

0%

$0

Property Management

10%

$105

CapEx

5%

$52

Vacancy

6%

$63

Maintenance

5%

$52

Other

0%

$0

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