REI Lense

REI Lense

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$2,059 (target)

3031 Syracuse St, Dearborn, MI 48124

3 beds • 3 baths • 1396 sqft

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This property looks like a bad Long-Term investment with a projected -4.49% first-year return on $58,590 initial cash invested.

-4.49%

Cash On Cash

5.49%

Cap Rate

0.92

DSCR

$2,059

Rent

-$219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,059 income − $2,278 expenses = $219 out of pocket

Income$2,059Out of Pocket$219Mortgage P&I$1,39268%Property Taxes$25212%Insurance$985%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

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Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,590

Downpayment

20%

$55,800

Closing costs

1%

$2,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,059

Total Expenses

$2,278

Mortgage P&I

68%

$1,392

Property Taxes

12%

$252

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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