REI Lense

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$2,276 (target)

11927 Engleman Rd, Warren, MI 48089

3 beds • 2 baths • 1560 sqft

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This property might be a fair Mid-Term investment with a projected 4.51% first-year return on $58,068 initial cash invested.

4.51%

Cash On Cash

8.4%

Cap Rate

1.3

DSCR

$2,276

Rent

$218

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,276 income − $2,058 expenses = $218 cash flow

Income$2,276Mortgage P&I$1,02645%Property Taxes$1798%Insurance$804%Management$27312%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%Cash Flow$218

Investment Breakdown

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Purchase Price

$191k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,068

Downpayment

20%

$38,160

Closing costs

1%

$1,908

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,276

Total Expenses

$2,058

Mortgage P&I

45%

$1,026

Property Taxes

8%

$179

Home Insurance

4%

$80

HOA

0%

$0

Property Management

12%

$273

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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