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 -13.19% first-year return on $93,705 initial cash invested.

-13.19%

Cash On Cash

3.03%

Cap Rate

0.5

DSCR

$3,020

Rent

-$1,030

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,020 income − $4,050 expenses = $1,030 out of pocket

Income$3,020Out of Pocket$1,030Mortgage P&I$1,81960%Property Taxes$50217%Insurance$2629%HOA$171%Management$45315%CapEx$1214%Maintenance$1214%Other$75525%

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

$3,020

Total Expenses

$4,050

Mortgage P&I

60%

$1,819

Property Taxes

17%

$502

Home Insurance

9%

$262

HOA

1%

$17

Property Management

15%

$453

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$755

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis