REI Lense

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$5,546 (target)

631 Humphrey Ave, Birmingham, MI 48009

3 beds • 2 baths • 1723 sqft

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This property looks like a bad Mid-Term investment with a projected -5.56% first-year return on $165k initial cash invested.

-5.56%

Cash On Cash

5.2%

Cap Rate

0.85

DSCR

$5,546

Rent

-$763

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,546 income − $6,309 expenses = $763 out of pocket

Income$5,546Out of Pocket$763Mortgage P&I$3,56964%Property Taxes$60911%Insurance$2454%Management$66612%CapEx$2224%Vacancy$1663%Maintenance$2224%Other$61011%

Investment Breakdown

|

Purchase Price

$699k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$165k

Downpayment

20%

$140k

Closing costs

1%

$6,990

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,546

Total Expenses

$6,309

Mortgage P&I

64%

$3,569

Property Taxes

11%

$609

Home Insurance

4%

$245

HOA

0%

$0

Property Management

12%

$666

CapEx

4%

$222

Vacancy

3%

$166

Maintenance

4%

$222

Other

11%

$610

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