REI Lense

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$2,592 (target)

18257 Indian, Redford, MI 48240

3 beds • 2 baths • 1654 sqft

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This property might be a fair Mid-Term investment with a projected 0.41% first-year return on $63,717 initial cash invested.

0.41%

Cash On Cash

7.16%

Cap Rate

1.11

DSCR

$2,592

Rent

$22

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,592 income − $2,570 expenses = $22 cash flow

Income$2,592Mortgage P&I$1,17345%Property Taxes$43817%Insurance$773%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%Cash Flow$22

Investment Breakdown

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Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,717

Downpayment

20%

$43,540

Closing costs

1%

$2,177

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,592

Total Expenses

$2,570

Mortgage P&I

45%

$1,173

Property Taxes

17%

$438

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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