REI Lense

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$3,333 (target)

1205 Hampshire Dr, Canton, MI 48188

3 beds • 2 baths • 1461 sqft

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This property might be a fair Mid-Term investment with a projected 2.46% first-year return on $80,538 initial cash invested.

2.46%

Cash On Cash

7.6%

Cap Rate

1.19

DSCR

$3,333

Rent

$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,333 income − $3,168 expenses = $165 cash flow

Income$3,333Mortgage P&I$1,58848%Property Taxes$31810%Insurance$1194%HOA$10Management$40012%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36711%Cash Flow$165

Investment Breakdown

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Purchase Price

$298k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,538

Downpayment

20%

$59,560

Closing costs

1%

$2,978

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,333

Total Expenses

$3,168

Mortgage P&I

48%

$1,588

Property Taxes

10%

$318

Home Insurance

4%

$119

HOA

0%

$10

Property Management

12%

$400

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$367

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