REI Lense

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$1,975 (target)

8908 Birkhill Dr, Sterling Heights, MI 48314

3 beds • 2 baths • 1875 sqft

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This property looks like a bad Long-Term investment with a projected -9.5% first-year return on $63,756 initial cash invested.

-9.5%

Cash On Cash

4.34%

Cap Rate

0.73

DSCR

$1,975

Rent

-$505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,975 income − $2,480 expenses = $505 out of pocket

Income$1,975Out of Pocket$505Mortgage P&I$1,50576%Property Taxes$36118%Insurance$1005%Management$19810%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

|

Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,756

Downpayment

20%

$60,720

Closing costs

1%

$3,036

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,975

Total Expenses

$2,480

Mortgage P&I

76%

$1,505

Property Taxes

18%

$361

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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