REI Lense

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$1,711 (target)

9130 Kinloch, Redford, MI 48239

3 beds • 2 baths • 2288 sqft

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This property looks like a bad Long-Term investment with a projected -7.1% first-year return on $54,579 initial cash invested.

-7.1%

Cash On Cash

4.89%

Cap Rate

0.82

DSCR

$1,711

Rent

-$323

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,711 income − $2,034 expenses = $323 out of pocket

Income$1,711Out of Pocket$323Mortgage P&I$1,29676%Property Taxes$20112%Insurance$915%Management$17110%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,711

Total Expenses

$2,034

Mortgage P&I

76%

$1,296

Property Taxes

12%

$201

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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