REI Lense

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$2,956 (target)

27391 Spring Arbor Dr, Southfield, MI 48076

3 beds • 2 baths • 1564 sqft

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This property looks like a bad Mid-Term investment with a projected -1.5% first-year return on $78,417 initial cash invested.

-1.5%

Cash On Cash

6.49%

Cap Rate

1.01

DSCR

$2,956

Rent

-$98

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,956 income − $3,054 expenses = $98 out of pocket

Income$2,956Out of Pocket$98Mortgage P&I$1,53552%Property Taxes$42614%Insurance$883%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,417

Downpayment

20%

$57,540

Closing costs

1%

$2,877

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,956

Total Expenses

$3,054

Mortgage P&I

52%

$1,535

Property Taxes

14%

$426

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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