REI Lense

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$3,272 (target)

1540 Stafford Dr, Canton, MI 48188

3 beds • 2 baths • 2192 sqft

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This property looks like a bad Mid-Term investment with a projected -1.79% first-year return on $93,600 initial cash invested.

-1.79%

Cash On Cash

6.31%

Cap Rate

1

DSCR

$3,272

Rent

-$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,272 income − $3,412 expenses = $140 out of pocket

Income$3,272Out of Pocket$140Mortgage P&I$1,90258%Property Taxes$2718%Insurance$1264%Management$39312%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36011%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,600

Downpayment

20%

$72,000

Closing costs

1%

$3,600

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,272

Total Expenses

$3,412

Mortgage P&I

58%

$1,902

Property Taxes

8%

$271

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$393

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$360

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