REI Lense

REI Lense

Unlock all features! Tap here to upgrade

2705 Gardner Ave, Berkley, MI 48072

3 beds • 3 baths • 2271 sqft

Email

This property looks like a bad Airbnb investment with a projected -17.1% first-year return on $111k initial cash invested.

-17.1%

Cash On Cash

1.91%

Cap Rate

0.32

DSCR

$2,552

Rent

-$1,579

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,552 income − $4,131 expenses = $1,579 out of pocket

Income$2,552Out of Pocket$1,579Mortgage P&I$2,18185%Property Taxes$57122%Insurance$1546%Management$38315%CapEx$1024%Maintenance$1024%Other$63825%

Investment Breakdown

|

Purchase Price

$442k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,360

Closing costs

1%

$4,418

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,552

Total Expenses

$4,131

Mortgage P&I

85%

$2,181

Property Taxes

22%

$571

Home Insurance

6%

$154

HOA

0%

$0

Property Management

15%

$383

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$638

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis