REI Lense

REI Lense

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$1,900 (target)

8450 Norborne Ave, Dearborn Heights, MI 48127

3 beds • 3 baths • 1760 sqft

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This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $49,287 initial cash invested.

-12.3%

Cash On Cash

4.7%

Cap Rate

0.69

DSCR

$1,900

Rent

-$505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,900 income − $2,405 expenses = $505 out of pocket

Income$1,900Out of Pocket$505Mortgage P&I$1,32970%Property Taxes$49826%Insurance$844%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,287

Downpayment

20%

$46,940

Closing costs

1%

$2,347

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,900

Total Expenses

$2,405

Mortgage P&I

70%

$1,329

Property Taxes

26%

$498

Home Insurance

4%

$84

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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