REI Lense

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$2,559 (target)

320 Hecht Dr, Madison Heights, MI 48071

3 beds • 2 baths • 1580 sqft

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This property looks like a bad Mid-Term investment with a projected -2.45% first-year return on $76,800 initial cash invested.

-2.45%

Cash On Cash

5.83%

Cap Rate

0.96

DSCR

$2,559

Rent

-$157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,559 income − $2,716 expenses = $157 out of pocket

Income$2,559Out of Pocket$157Mortgage P&I$1,41555%Property Taxes$33213%Insurance$1004%Management$30712%CapEx$1024%Vacancy$773%Maintenance$1024%Other$28111%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,559

Total Expenses

$2,716

Mortgage P&I

55%

$1,415

Property Taxes

13%

$332

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$307

CapEx

4%

$102

Vacancy

3%

$77

Maintenance

4%

$102

Other

11%

$281

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