REI Lense

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$2,069 (target)

2957 Thomas Ave, Berkley, MI 48072

3 beds • 2 baths • 1953 sqft

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This property looks like a bad Long-Term investment with a projected -3.11% first-year return on $54,369 initial cash invested.

-3.11%

Cash On Cash

5.79%

Cap Rate

0.97

DSCR

$2,069

Rent

-$141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,069 income − $2,210 expenses = $141 out of pocket

Income$2,069Out of Pocket$141Mortgage P&I$1,28862%Property Taxes$26313%Insurance$1226%Management$20710%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,369

Downpayment

20%

$51,780

Closing costs

1%

$2,589

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,069

Total Expenses

$2,210

Mortgage P&I

62%

$1,288

Property Taxes

13%

$263

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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