REI Lense

REI Lense

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$1,988 (target)

8847 Woodbine, Redford, MI 48239

3 beds • 2 baths • 1962 sqft

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This property looks like a bad Long-Term investment with a projected -0.43% first-year return on $41,832 initial cash invested.

-0.43%

Cash On Cash

6.98%

Cap Rate

1.08

DSCR

$1,988

Rent

-$15

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,988 income − $2,003 expenses = $15 out of pocket

Income$1,988Out of Pocket$15Mortgage P&I$1,07554%Property Taxes$34217%Insurance$704%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,832

Downpayment

20%

$39,840

Closing costs

1%

$1,992

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,988

Total Expenses

$2,003

Mortgage P&I

54%

$1,075

Property Taxes

17%

$342

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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