REI Lense

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$3,936 (target)

19620 Silver Spring St, Southfield, MI 48076

3 beds • 3 baths • 2100 sqft

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This property might be a fair Mid-Term investment with a projected 1.43% first-year return on $90,429 initial cash invested.

1.43%

Cash On Cash

7.01%

Cap Rate

1.15

DSCR

$3,936

Rent

$108

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,936 income − $3,828 expenses = $108 cash flow

Income$3,936Mortgage P&I$1,74944%Property Taxes$60915%Insurance$1333%Management$47212%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43311%Cash Flow$108

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,429

Downpayment

20%

$68,980

Closing costs

1%

$3,449

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,936

Total Expenses

$3,828

Mortgage P&I

44%

$1,749

Property Taxes

15%

$609

Home Insurance

3%

$133

HOA

0%

$0

Property Management

12%

$472

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$433

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