REI Lense

REI Lense

Unlock all features! Tap here to upgrade

6637 Joy Rd, Dexter, MI 48130

3 beds • 2 baths • 1700 sqft

Email

This property looks like a bad Airbnb investment with a projected -1.55% first-year return on $118k initial cash invested.

-1.55%

Cash On Cash

5.99%

Cap Rate

1.02

DSCR

$5,016

Rent

-$152

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,016 income − $5,168 expenses = $152 out of pocket

Income$5,016Out of Pocket$152Mortgage P&I$2,31846%Property Taxes$3256%Insurance$1172%Management$75215%CapEx$2014%Maintenance$2014%Other$1,25425%

Investment Breakdown

|

Purchase Price

$474k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,880

Closing costs

1%

$4,744

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,016

Total Expenses

$5,168

Mortgage P&I

46%

$2,318

Property Taxes

6%

$325

Home Insurance

2%

$117

HOA

0%

$0

Property Management

15%

$752

CapEx

4%

$201

Vacancy

0%

$0

Maintenance

4%

$201

Other

25%

$1,254

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis