REI Lense

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$1,971 (target)

27391 Spring Arbor Dr, Southfield, MI 48076

3 beds • 2 baths • 1564 sqft

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This property looks like a bad Long-Term investment with a projected -11.74% first-year return on $60,417 initial cash invested.

-11.74%

Cash On Cash

4.35%

Cap Rate

0.68

DSCR

$1,971

Rent

-$591

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,971 income − $2,562 expenses = $591 out of pocket

Income$1,971Out of Pocket$591Mortgage P&I$1,53578%Property Taxes$42622%Insurance$884%Management$19710%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,417

Downpayment

20%

$57,540

Closing costs

1%

$2,877

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,971

Total Expenses

$2,562

Mortgage P&I

78%

$1,535

Property Taxes

22%

$426

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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