REI Lense

REI Lense

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$2,113 (target)

27216 Shiawassee Rd, Southfield, MI 48033

3 beds • 2 baths • 1953 sqft

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This property looks like a bad Long-Term investment with a projected -10.61% first-year return on $61,740 initial cash invested.

-10.61%

Cash On Cash

4.22%

Cap Rate

0.7

DSCR

$2,113

Rent

-$546

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,113 income − $2,659 expenses = $546 out of pocket

Income$2,113Out of Pocket$546Mortgage P&I$1,47570%Property Taxes$52925%Insurance$1055%Management$21110%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,740

Downpayment

20%

$58,800

Closing costs

1%

$2,940

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,113

Total Expenses

$2,659

Mortgage P&I

70%

$1,475

Property Taxes

25%

$529

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$211

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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