REI Lense

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$1,488 (target)

8360 Freda St, Detroit, MI 48204

3 beds • 2 baths • 1270 sqft

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This property looks like a bad Long-Term investment with a projected -10.61% first-year return on $37,779 initial cash invested.

-10.61%

Cash On Cash

4.8%

Cap Rate

0.73

DSCR

$1,488

Rent

-$334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,488 income − $1,822 expenses = $334 out of pocket

Income$1,488Out of Pocket$334Mortgage P&I$97966%Property Taxes$39426%Insurance$634%Management$14910%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,779

Downpayment

20%

$35,980

Closing costs

1%

$1,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,488

Total Expenses

$1,822

Mortgage P&I

66%

$979

Property Taxes

26%

$394

Home Insurance

4%

$63

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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