REI Lense

REI Lense

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$2,181 (target)

1540 Stafford Dr, Canton, MI 48188

3 beds • 2 baths • 2192 sqft

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This property looks like a bad Long-Term investment with a projected -10.87% first-year return on $75,600 initial cash invested.

-10.87%

Cash On Cash

4.42%

Cap Rate

0.7

DSCR

$2,181

Rent

-$685

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,181 income − $2,866 expenses = $685 out of pocket

Income$2,181Out of Pocket$685Mortgage P&I$1,90287%Property Taxes$27112%Insurance$1266%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,600

Downpayment

20%

$72,000

Closing costs

1%

$3,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,181

Total Expenses

$2,866

Mortgage P&I

87%

$1,902

Property Taxes

12%

$271

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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