REI Lense

REI Lense

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$2,984 (target)

12275 E Eleven Mile Rd, Warren, MI 48093

3 beds • 3 baths • 2319 sqft

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This property might be a fair Mid-Term investment with a projected 5.73% first-year return on $66,216 initial cash invested.

5.73%

Cash On Cash

8.68%

Cap Rate

1.36

DSCR

$2,984

Rent

$316

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,216

Downpayment

20%

$45,920

Closing costs

1%

$2,296

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,984

Total Expenses

$2,668

Mortgage P&I

41%

$1,225

Property Taxes

12%

$352

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$90

Maintenance

4%

$119

Other

11%

$328

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