REI Lense

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$1,607 (target)

26912 W Davison, Redford, MI 48239

3 beds • 2 baths • 1036 sqft

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This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $47,250 initial cash invested.

-8.15%

Cash On Cash

5.25%

Cap Rate

0.8

DSCR

$1,607

Rent

-$321

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,607 income − $1,928 expenses = $321 out of pocket

Income$1,607Out of Pocket$321Mortgage P&I$1,22576%Property Taxes$20713%Insurance$795%Management$16110%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,607

Total Expenses

$1,928

Mortgage P&I

76%

$1,225

Property Taxes

13%

$207

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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