REI Lense

REI Lense

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$2,814 (target)

1028 Knightsbridge Rd, Canton, MI 48187

3 beds • 3 baths • 1698 sqft

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This property looks like a bad Long-Term investment with a projected -7.25% first-year return on $81,606 initial cash invested.

-7.25%

Cash On Cash

4.97%

Cap Rate

0.82

DSCR

$2,814

Rent

-$493

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,814 income − $3,307 expenses = $493 out of pocket

Income$2,814Out of Pocket$493Mortgage P&I$1,96170%Property Taxes$46917%Insurance$1405%HOA$5Management$28110%CapEx$1415%Vacancy$1696%Maintenance$1415%

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,606

Downpayment

20%

$77,720

Closing costs

1%

$3,886

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,814

Total Expenses

$3,307

Mortgage P&I

70%

$1,961

Property Taxes

17%

$469

Home Insurance

5%

$140

HOA

0%

$5

Property Management

10%

$281

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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