REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,070 (target)

6943 Colonial St, Dearborn Heights, MI 48127

3 beds • 2 baths • 1577 sqft

Email

This property might be a fair Long-Term investment with a projected 2.73% first-year return on $46,179 initial cash invested.

2.73%

Cash On Cash

7.27%

Cap Rate

1.19

DSCR

$2,070

Rent

$105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,070 income − $1,965 expenses = $105 cash flow

Income$2,070Mortgage P&I$1,12454%Property Taxes$19710%Insurance$1055%Management$20710%CapEx$1045%Vacancy$1246%Maintenance$1045%Cash Flow$105

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,070

Total Expenses

$1,965

Mortgage P&I

54%

$1,124

Property Taxes

10%

$197

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis