REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,838 (target)

29385 Spoon Ave, Madison Heights, MI 48071

3 beds • 2 baths • 1864 sqft

Email

This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $77,871 initial cash invested.

-2.7%

Cash On Cash

5.72%

Cap Rate

0.96

DSCR

$2,838

Rent

-$175

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,838 income − $3,013 expenses = $175 out of pocket

Income$2,838Out of Pocket$175Mortgage P&I$1,41950%Property Taxes$52819%Insurance$1004%Management$34112%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31211%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,871

Downpayment

20%

$57,020

Closing costs

1%

$2,851

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,838

Total Expenses

$3,013

Mortgage P&I

50%

$1,419

Property Taxes

19%

$528

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$341

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$312

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis