REI Lense

REI Lense

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$1,516 (target)

4893 Harvard Rd, Detroit, MI 48224

3 beds • 2 baths • 1532 sqft

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This property looks like a bad Long-Term investment with a projected -12.82% first-year return on $37,527 initial cash invested.

-12.82%

Cash On Cash

4.33%

Cap Rate

0.66

DSCR

$1,516

Rent

-$401

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$179k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,527

Downpayment

20%

$35,740

Closing costs

1%

$1,787

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,516

Total Expenses

$1,917

Mortgage P&I

64%

$970

Property Taxes

32%

$489

Home Insurance

4%

$63

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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