REI Lense

REI Lense

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$3,466 (target)

13799-31 Mile Rd, Washington, MI 48095

3 beds • 2 baths • 2256 sqft

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This property might be a fair Mid-Term investment with a projected 4.1% first-year return on $88,350 initial cash invested.

4.1%

Cash On Cash

7.49%

Cap Rate

1.27

DSCR

$3,466

Rent

$302

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,466

Total Expenses

$3,164

Mortgage P&I

48%

$1,651

Property Taxes

6%

$217

Home Insurance

3%

$117

HOA

0%

$0

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$381

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