REI Lense

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$2,427 (target)

11720 Nathaline, Redford, MI 48239

3 beds • 2 baths • 1546 sqft

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This property might be a fair Mid-Term investment with a projected 5.54% first-year return on $59,979 initial cash invested.

5.54%

Cash On Cash

8.76%

Cap Rate

1.34

DSCR

$2,427

Rent

$277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,427 income − $2,150 expenses = $277 cash flow

Income$2,427Mortgage P&I$1,08645%Property Taxes$1697%Insurance$703%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%Cash Flow$277

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,427

Total Expenses

$2,150

Mortgage P&I

45%

$1,086

Property Taxes

7%

$169

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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