REI Lense

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$3,411 (target)

12789 Twelve Mile Rd, South Lyon, MI 48178

3 beds • 2 baths • 3429 sqft

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This property looks like a bad Mid-Term investment with a projected -10.88% first-year return on $139k initial cash invested.

-10.88%

Cash On Cash

3.74%

Cap Rate

0.62

DSCR

$3,411

Rent

-$1,258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,411 income − $4,669 expenses = $1,258 out of pocket

Income$3,411Out of Pocket$1,258Mortgage P&I$2,91685%Property Taxes$39412%Insurance$2016%Management$40912%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37511%

Investment Breakdown

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Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,750

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,411

Total Expenses

$4,669

Mortgage P&I

85%

$2,916

Property Taxes

12%

$394

Home Insurance

6%

$201

HOA

0%

$0

Property Management

12%

$409

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$375

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