REI Lense

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$2,685 (target)

11456 Hanford Dr, Warren, MI 48093

3 beds • 2 baths • 1948 sqft

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This property might be a fair Mid-Term investment with a projected 3.12% first-year return on $68,547 initial cash invested.

3.12%

Cash On Cash

7.82%

Cap Rate

1.22

DSCR

$2,685

Rent

$178

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,547

Downpayment

20%

$48,140

Closing costs

1%

$2,407

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,685

Total Expenses

$2,507

Mortgage P&I

48%

$1,284

Property Taxes

9%

$241

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$81

Maintenance

4%

$107

Other

11%

$295

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