REI Lense

REI Lense

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$2,475 (target)

16354 Drake St, Southgate, MI 48195

3 beds • 2 baths • 2052 sqft

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This property might be a fair Mid-Term investment with a projected 6.05% first-year return on $51,390 initial cash invested.

6.05%

Cash On Cash

9.01%

Cap Rate

1.43

DSCR

$2,475

Rent

$259

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$159k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,390

Downpayment

20%

$31,800

Closing costs

1%

$1,590

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,475

Total Expenses

$2,216

Mortgage P&I

34%

$836

Property Taxes

20%

$483

Home Insurance

2%

$56

HOA

0%

$0

Property Management

12%

$297

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$272

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