REI Lense

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$2,277 (target)

1421 Munson St, Burton, MI 48509

3 beds • 2 baths • 1678 sqft

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This property might be a fair Mid-Term investment with a projected 7.62% first-year return on $53,700 initial cash invested.

7.62%

Cash On Cash

9.83%

Cap Rate

1.45

DSCR

$2,277

Rent

$341

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,277 income − $1,936 expenses = $341 cash flow

Income$2,277Mortgage P&I$96042%Property Taxes$1436%Insurance$603%Management$27312%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%Cash Flow$341

Investment Breakdown

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Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,700

Downpayment

20%

$34,000

Closing costs

1%

$1,700

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,277

Total Expenses

$1,936

Mortgage P&I

42%

$960

Property Taxes

6%

$143

Home Insurance

3%

$60

HOA

0%

$0

Property Management

12%

$273

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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