REI Lense

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$3,084 (target)

628 Notre Dame St, Grosse Pointe, MI 48230

3 beds • 2 baths • 1745 sqft

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This property looks like a bad Mid-Term investment with a projected -8.56% first-year return on $107k initial cash invested.

-8.56%

Cash On Cash

4.34%

Cap Rate

0.71

DSCR

$3,084

Rent

-$762

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,084 income − $3,846 expenses = $762 out of pocket

Income$3,084Out of Pocket$762Mortgage P&I$2,16870%Property Taxes$47815%Insurance$1525%Management$37012%CapEx$1234%Vacancy$933%Maintenance$1234%Other$33911%

Investment Breakdown

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Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,640

Closing costs

1%

$4,232

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,084

Total Expenses

$3,846

Mortgage P&I

70%

$2,168

Property Taxes

16%

$478

Home Insurance

5%

$152

HOA

0%

$0

Property Management

12%

$370

CapEx

4%

$123

Vacancy

3%

$93

Maintenance

4%

$123

Other

11%

$339

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