REI Lense

REI Lense

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$1,715 (target)

6181 N Bankle Ct, Dearborn Heights, MI 48127

3 beds • 2 baths • 2151 sqft

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This property looks like a bad Long-Term investment with a projected -12.01% first-year return on $64,050 initial cash invested.

-12.01%

Cash On Cash

3.86%

Cap Rate

0.64

DSCR

$1,715

Rent

-$641

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,715 income − $2,356 expenses = $641 out of pocket

Income$1,715Out of Pocket$641Mortgage P&I$1,53790%Property Taxes$26515%Insurance$1076%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,715

Total Expenses

$2,356

Mortgage P&I

90%

$1,537

Property Taxes

15%

$265

Home Insurance

6%

$107

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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