REI Lense

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$2,492 (target)

14066 N Clio Rd, Clio, MI 48420

3 beds • 2 baths • 1274 sqft

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This property might be a fair Mid-Term investment with a projected 1.61% first-year return on $66,909 initial cash invested.

1.61%

Cash On Cash

7.4%

Cap Rate

1.15

DSCR

$2,492

Rent

$90

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,492 income − $2,402 expenses = $90 cash flow

Income$2,492Mortgage P&I$1,24650%Property Taxes$2269%Insurance$823%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%Cash Flow$90

Investment Breakdown

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Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,909

Downpayment

20%

$46,580

Closing costs

1%

$2,329

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,492

Total Expenses

$2,402

Mortgage P&I

50%

$1,246

Property Taxes

9%

$226

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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