REI Lense

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$3,156 (target)

5674 Heathdale Ave, Warren, MI 48092

3 beds • 2 baths • 1700 sqft

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This property looks like a bad Mid-Term investment with a projected -1.73% first-year return on $71,508 initial cash invested.

-1.73%

Cash On Cash

6.87%

Cap Rate

1.02

DSCR

$3,156

Rent

-$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,156 income − $3,259 expenses = $103 out of pocket

Income$3,156Out of Pocket$103Mortgage P&I$1,43646%Property Taxes$66221%Insurance$883%Management$37912%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%

Investment Breakdown

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Purchase Price

$255k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,508

Downpayment

20%

$50,960

Closing costs

1%

$2,548

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,156

Total Expenses

$3,259

Mortgage P&I

46%

$1,436

Property Taxes

21%

$662

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$379

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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