REI Lense

REI Lense

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$1,560 (target)

18475 Dalby, Redford, MI 48240

3 beds • 2 baths • 1621 sqft

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This property might be a fair Long-Term investment with a projected 1.36% first-year return on $33,474 initial cash invested.

1.36%

Cash On Cash

7.31%

Cap Rate

1.14

DSCR

$1,560

Rent

$38

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,560 income − $1,522 expenses = $38 cash flow

Income$1,560Mortgage P&I$85555%Property Taxes$20513%Insurance$564%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%Cash Flow$38

Investment Breakdown

|

Purchase Price

$159k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,474

Downpayment

20%

$31,880

Closing costs

1%

$1,594

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,560

Total Expenses

$1,522

Mortgage P&I

55%

$855

Property Taxes

13%

$205

Home Insurance

4%

$56

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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