REI Lense

REI Lense

Unlock all features! Tap here to upgrade

2700 Middlebelt Rd, West Bloomfield, MI 48324

3 beds • 2 baths • 1850 sqft

Email

This property looks like a bad Airbnb investment with a projected -14.69% first-year return on $93,705 initial cash invested.

-14.69%

Cash On Cash

2.61%

Cap Rate

0.43

DSCR

$2,794

Rent

-$1,147

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,794 income − $3,941 expenses = $1,147 out of pocket

Income$2,794Out of Pocket$1,147Mortgage P&I$1,81965%Property Taxes$50218%Insurance$2629%HOA$171%Management$41915%CapEx$1124%Maintenance$1124%Other$69825%

Investment Breakdown

|

Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,705

Downpayment

20%

$72,100

Closing costs

1%

$3,605

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,794

Total Expenses

$3,941

Mortgage P&I

65%

$1,819

Property Taxes

18%

$502

Home Insurance

9%

$262

HOA

1%

$17

Property Management

15%

$419

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$698

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis