REI Lense

REI Lense

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$3,156 (target)

13651 Castle St, Southgate, MI 48195

3 beds • 2 baths • 2068 sqft

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This property might be a fair Mid-Term investment with a projected 5.27% first-year return on $66,930 initial cash invested.

5.27%

Cash On Cash

8.44%

Cap Rate

1.34

DSCR

$3,156

Rent

$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$233k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,930

Downpayment

20%

$46,600

Closing costs

1%

$2,330

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,156

Total Expenses

$2,862

Mortgage P&I

39%

$1,218

Property Taxes

15%

$489

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$379

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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