REI Lense

REI Lense

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$2,690 (target)

28918 Red Leaf Ln, Southfield, MI 48076

3 beds • 2 baths • 1080 sqft

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This property looks like a bad Mid-Term investment with a projected -0.54% first-year return on $66,888 initial cash invested.

-0.54%

Cash On Cash

6.82%

Cap Rate

1.06

DSCR

$2,690

Rent

-$30

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,888

Downpayment

20%

$46,560

Closing costs

1%

$2,328

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,690

Total Expenses

$2,720

Mortgage P&I

46%

$1,245

Property Taxes

18%

$477

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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