REI Lense

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$2,877 (target)

12334 Buckingham St, Southgate, MI 48195

3 beds • 2 baths • 2191 sqft

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This property might be a fair Mid-Term investment with a projected 0.61% first-year return on $74,616 initial cash invested.

0.61%

Cash On Cash

7.04%

Cap Rate

1.11

DSCR

$2,877

Rent

$38

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,877 income − $2,839 expenses = $38 cash flow

Income$2,877Mortgage P&I$1,42950%Property Taxes$33912%Insurance$943%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%Cash Flow$38

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,616

Downpayment

20%

$53,920

Closing costs

1%

$2,696

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,877

Total Expenses

$2,839

Mortgage P&I

50%

$1,429

Property Taxes

12%

$339

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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