REI Lense

REI Lense

Unlock all features! Tap here to upgrade

3295 Cumberland Rd, Berkley, MI 48072

3 beds • 2 baths • 1800 sqft

Email

This property looks like a bad Airbnb investment with a projected -12.4% first-year return on $93,978 initial cash invested.

-12.4%

Cash On Cash

3.21%

Cap Rate

0.53

DSCR

$2,875

Rent

-$971

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,875 income − $3,846 expenses = $971 out of pocket

Income$2,875Out of Pocket$971Mortgage P&I$1,82463%Property Taxes$51418%Insurance$1284%Management$43115%CapEx$1154%Maintenance$1154%Other$71925%

Investment Breakdown

|

Purchase Price

$362k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,978

Downpayment

20%

$72,360

Closing costs

1%

$3,618

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,875

Total Expenses

$3,846

Mortgage P&I

63%

$1,824

Property Taxes

18%

$514

Home Insurance

4%

$128

HOA

0%

$0

Property Management

15%

$431

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$719

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis