REI Lense

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$3,768 (target)

3788 Griffith Ave, Berkley, MI 48072

3 beds • 3 baths • 1734 sqft

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This property looks like a bad Mid-Term investment with a projected -1.53% first-year return on $108k initial cash invested.

-1.53%

Cash On Cash

6.01%

Cap Rate

1.01

DSCR

$3,768

Rent

-$138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,768 income − $3,906 expenses = $138 out of pocket

Income$3,768Out of Pocket$138Mortgage P&I$2,13757%Property Taxes$3489%Insurance$1404%Management$45212%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41411%

Investment Breakdown

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Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,880

Closing costs

1%

$4,294

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,768

Total Expenses

$3,906

Mortgage P&I

57%

$2,137

Property Taxes

9%

$348

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$452

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$414

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