REI Lense

REI Lense

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$2,352 (target)

19422 Garfield Ave, Redford, MI 48240

3 beds • 3 baths • 2418 sqft

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This property might be a fair Mid-Term investment with a projected 7.09% first-year return on $54,666 initial cash invested.

7.09%

Cash On Cash

9.16%

Cap Rate

1.46

DSCR

$2,352

Rent

$323

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$175k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,666

Downpayment

20%

$34,920

Closing costs

1%

$1,746

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,352

Total Expenses

$2,029

Mortgage P&I

39%

$916

Property Taxes

10%

$225

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$71

Maintenance

4%

$94

Other

11%

$259

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