REI Lense

REI Lense

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$2,774 (target)

14445 Harris Rd, Millington, MI 48746

3 beds • 2 baths • 2000 sqft

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This property might be a fair Mid-Term investment with a projected 3.71% first-year return on $75,372 initial cash invested.

3.71%

Cash On Cash

7.37%

Cap Rate

1.26

DSCR

$2,774

Rent

$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$273k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,372

Downpayment

20%

$54,640

Closing costs

1%

$2,732

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,774

Total Expenses

$2,541

Mortgage P&I

48%

$1,333

Property Taxes

6%

$174

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$333

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$305

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