REI Lense

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$2,488 (target)

11315 Arnold, Redford, MI 48239

3 beds • 2 baths • 2242 sqft

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This property could be a profitable Mid-Term investment with a projected 10.07% first-year return on $53,511 initial cash invested.

10.07%

Cash On Cash

10.38%

Cap Rate

1.6

DSCR

$2,488

Rent

$449

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,488 income − $2,039 expenses = $449 cash flow

Income$2,488Mortgage P&I$91437%Property Taxes$2179%Insurance$602%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%Cash Flow$449

Investment Breakdown

|

Purchase Price

$169k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,511

Downpayment

20%

$33,820

Closing costs

1%

$1,691

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,488

Total Expenses

$2,039

Mortgage P&I

37%

$914

Property Taxes

9%

$217

Home Insurance

2%

$60

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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