REI Lense

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$4,221 (target)

1028 Knightsbridge Rd, Canton, MI 48187

3 beds • 3 baths • 1698 sqft

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This property might be a fair Mid-Term investment with a projected 2.53% first-year return on $99,606 initial cash invested.

2.53%

Cash On Cash

7.23%

Cap Rate

1.19

DSCR

$4,221

Rent

$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,221 income − $4,011 expenses = $210 cash flow

Income$4,221Mortgage P&I$1,96146%Property Taxes$46911%Insurance$1403%HOA$5Management$50712%CapEx$1694%Vacancy$1273%Maintenance$1694%Other$46411%Cash Flow$210

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,606

Downpayment

20%

$77,720

Closing costs

1%

$3,886

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,221

Total Expenses

$4,011

Mortgage P&I

46%

$1,961

Property Taxes

11%

$469

Home Insurance

3%

$140

HOA

0%

$5

Property Management

12%

$507

CapEx

4%

$169

Vacancy

3%

$127

Maintenance

4%

$169

Other

11%

$464

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