REI Lense

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$1,927 (target)

26219 Van Buren Rd, Dearborn Heights, MI 48127

3 beds • 2 baths • 1908 sqft

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This property looks like a bad Long-Term investment with a projected -11.44% first-year return on $68,103 initial cash invested.

-11.44%

Cash On Cash

4.08%

Cap Rate

0.67

DSCR

$1,927

Rent

-$649

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,927 income − $2,576 expenses = $649 out of pocket

Income$1,927Out of Pocket$649Mortgage P&I$1,65686%Property Taxes$30216%Insurance$1176%Management$19310%CapEx$965%Vacancy$1166%Maintenance$965%

Investment Breakdown

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Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,103

Downpayment

20%

$64,860

Closing costs

1%

$3,243

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,927

Total Expenses

$2,576

Mortgage P&I

86%

$1,656

Property Taxes

16%

$302

Home Insurance

6%

$117

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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