REI Lense

REI Lense

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$2,053 (target)

30371 Park Ln, Southfield, MI 48076

3 beds • 4 baths • 2564 sqft

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This property looks like a bad Long-Term investment with a projected -16.6% first-year return on $73,290 initial cash invested.

-16.6%

Cash On Cash

2.91%

Cap Rate

0.48

DSCR

$2,053

Rent

-$1,014

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,053 income − $3,067 expenses = $1,014 out of pocket

Income$2,053Out of Pocket$1,014Mortgage P&I$1,75786%Property Taxes$65432%Insurance$1226%Management$20510%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,053

Total Expenses

$3,067

Mortgage P&I

86%

$1,757

Property Taxes

32%

$654

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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