REI Lense

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$1,659 (target)

11315 Arnold, Redford, MI 48239

3 beds • 2 baths • 2242 sqft

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This property might be a fair Long-Term investment with a projected 1.22% first-year return on $35,511 initial cash invested.

1.22%

Cash On Cash

7.33%

Cap Rate

1.13

DSCR

$1,659

Rent

$36

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,659 income − $1,623 expenses = $36 cash flow

Income$1,659Mortgage P&I$91455%Property Taxes$21713%Insurance$604%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%Cash Flow$36

Investment Breakdown

|

Purchase Price

$169k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,511

Downpayment

20%

$33,820

Closing costs

1%

$1,691

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,659

Total Expenses

$1,623

Mortgage P&I

55%

$914

Property Taxes

13%

$217

Home Insurance

4%

$60

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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