REI Lense

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$1,951 (target)

28610 Milton Ave, Warren, MI 48092

3 beds • 2 baths • 2731 sqft

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This property looks like a bad Long-Term investment with a projected -19.45% first-year return on $59,661 initial cash invested.

-19.45%

Cash On Cash

3.04%

Cap Rate

0.45

DSCR

$1,951

Rent

-$967

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,951 income − $2,918 expenses = $967 out of pocket

Income$1,951Out of Pocket$967Mortgage P&I$1,58881%Property Taxes$72037%Insurance$1025%Management$19510%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,661

Downpayment

20%

$56,820

Closing costs

1%

$2,841

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,951

Total Expenses

$2,918

Mortgage P&I

81%

$1,588

Property Taxes

37%

$720

Home Insurance

5%

$102

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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