REI Lense

REI Lense

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$1,385 (target)

5048 Glenis St, Dearborn Heights, MI 48125

3 beds • 2 baths • 1802 sqft

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This property might be a fair Long-Term investment with a projected 4.89% first-year return on $28,980 initial cash invested.

4.89%

Cash On Cash

8.03%

Cap Rate

1.25

DSCR

$1,385

Rent

$118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,385 income − $1,267 expenses = $118 cash flow

Income$1,385Mortgage P&I$73653%Property Taxes$1219%Insurance$514%Management$13810%CapEx$695%Vacancy$836%Maintenance$695%Cash Flow$118

Investment Breakdown

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Purchase Price

$138k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,980

Downpayment

20%

$27,600

Closing costs

1%

$1,380

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,385

Total Expenses

$1,267

Mortgage P&I

53%

$736

Property Taxes

9%

$121

Home Insurance

4%

$51

HOA

0%

$0

Property Management

10%

$138

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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