REI Lense

REI Lense

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$3,219 (target)

13164 Veronica St, Southgate, MI 48195

3 beds • 2 baths • 1808 sqft

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This property might be a fair Mid-Term investment with a projected 3.77% first-year return on $76,779 initial cash invested.

3.77%

Cash On Cash

7.53%

Cap Rate

1.27

DSCR

$3,219

Rent

$241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,219

Total Expenses

$2,978

Mortgage P&I

43%

$1,386

Property Taxes

12%

$399

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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