REI Lense

REI Lense

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$3,260 (target)

15338 Flanders St, Southgate, MI 48195

3 beds • 2 baths • 1553 sqft

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This property might be a fair Mid-Term investment with a projected 0.35% first-year return on $86,460 initial cash invested.

0.35%

Cash On Cash

6.47%

Cap Rate

1.1

DSCR

$3,260

Rent

$25

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,460

Downpayment

20%

$65,200

Closing costs

1%

$3,260

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,260

Total Expenses

$3,235

Mortgage P&I

49%

$1,604

Property Taxes

13%

$408

Home Insurance

4%

$115

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$359

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