REI Lense

REI Lense

Unlock all features! Tap here to upgrade

5918 N Evangeline St, Dearborn Heights, MI 48127

3 beds • 4 baths • 3072 sqft

Email

This property looks like a bad Airbnb investment with a projected -17.11% first-year return on $115k initial cash invested.

-17.11%

Cash On Cash

2.14%

Cap Rate

0.35

DSCR

$2,956

Rent

-$1,646

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,956 income − $4,602 expenses = $1,646 out of pocket

Income$2,956Out of Pocket$1,646Mortgage P&I$2,35780%Property Taxes$65222%Insurance$1756%Management$44315%CapEx$1184%Maintenance$1184%Other$73925%

Investment Breakdown

|

Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,820

Closing costs

1%

$4,641

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,956

Total Expenses

$4,602

Mortgage P&I

80%

$2,357

Property Taxes

22%

$652

Home Insurance

6%

$175

HOA

0%

$0

Property Management

15%

$443

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$739

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis