REI Lense

REI Lense

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$3,080 (target)

30371 Park Ln, Southfield, MI 48076

3 beds • 4 baths • 2564 sqft

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This property looks like a bad Mid-Term investment with a projected -6.57% first-year return on $91,290 initial cash invested.

-6.57%

Cash On Cash

4.74%

Cap Rate

0.79

DSCR

$3,080

Rent

-$500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,080 income − $3,580 expenses = $500 out of pocket

Income$3,080Out of Pocket$500Mortgage P&I$1,75757%Property Taxes$65421%Insurance$1224%Management$37012%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33911%

Investment Breakdown

|

Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,080

Total Expenses

$3,580

Mortgage P&I

57%

$1,757

Property Taxes

21%

$654

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$370

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$339

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