REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,850 (target)

8450 Norborne Ave, Dearborn Heights, MI 48127

3 beds • 3 baths • 1760 sqft

Email

This property looks like a bad Mid-Term investment with a projected -0.55% first-year return on $67,287 initial cash invested.

-0.55%

Cash On Cash

7.22%

Cap Rate

1.06

DSCR

$2,850

Rent

-$31

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,850 income − $2,881 expenses = $31 out of pocket

Income$2,850Out of Pocket$31Mortgage P&I$1,32947%Property Taxes$49817%Insurance$843%Management$34212%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,287

Downpayment

20%

$46,940

Closing costs

1%

$2,347

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,850

Total Expenses

$2,881

Mortgage P&I

47%

$1,329

Property Taxes

17%

$498

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis