REI Lense

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$3,589 (target)

2872 Manchester Rd, Birmingham, MI 48009

3 beds • 4 baths • 2826 sqft

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This property looks like a bad Long-Term investment with a projected -17.5% first-year return on $175k initial cash invested.

-17.5%

Cash On Cash

2.52%

Cap Rate

0.42

DSCR

$3,589

Rent

-$2,546

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,589 income − $6,135 expenses = $2,546 out of pocket

Income$3,589Out of Pocket$2,546Mortgage P&I$4,116115%Property Taxes$78122%Insurance$3069%Management$35910%CapEx$1795%Vacancy$2156%Maintenance$1795%

Investment Breakdown

|

Purchase Price

$831k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$175k

Downpayment

20%

$166k

Closing costs

1%

$8,313

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,589

Total Expenses

$6,135

Mortgage P&I

115%

$4,116

Property Taxes

22%

$781

Home Insurance

9%

$306

HOA

0%

$0

Property Management

10%

$359

CapEx

5%

$179

Vacancy

6%

$215

Maintenance

5%

$179

Other

0%

$0

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