REI Lense

REI Lense

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$4,622 (target)

1360 Pond View Ct, Wixom, MI 48393

3 beds • 3 baths • 2524 sqft

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This property might be a fair Mid-Term investment with a projected 4.33% first-year return on $102k initial cash invested.

4.33%

Cash On Cash

7.54%

Cap Rate

1.28

DSCR

$4,622

Rent

$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$401k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,160

Closing costs

1%

$4,008

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,622

Total Expenses

$4,253

Mortgage P&I

43%

$1,966

Property Taxes

12%

$538

Home Insurance

3%

$144

HOA

1%

$33

Property Management

12%

$555

CapEx

4%

$185

Vacancy

3%

$139

Maintenance

4%

$185

Other

11%

$508

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