REI Lense

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$2,352 (target)

6135 Inkster Rd, Garden City, MI 48135

3 beds • 2 baths • 1810 sqft

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This property looks like a bad Long-Term investment with a projected -1.03% first-year return on $47,649 initial cash invested.

-1.03%

Cash On Cash

6.86%

Cap Rate

1.06

DSCR

$2,352

Rent

-$41

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,352 income − $2,393 expenses = $41 out of pocket

Income$2,352Out of Pocket$41Mortgage P&I$1,22152%Property Taxes$48020%Insurance$803%Management$23510%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$227k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,649

Downpayment

20%

$45,380

Closing costs

1%

$2,269

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,352

Total Expenses

$2,393

Mortgage P&I

52%

$1,221

Property Taxes

20%

$480

Home Insurance

3%

$80

HOA

0%

$0

Property Management

10%

$235

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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