REI Lense

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$4,850 (target)

2000 Nacona, Commerce Township, MI 48382

3 beds • 2 baths • 1965 sqft

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This property might be a fair Mid-Term investment with a projected 7.06% first-year return on $102k initial cash invested.

7.06%

Cash On Cash

8.44%

Cap Rate

1.39

DSCR

$4,850

Rent

$600

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,850 income − $4,250 expenses = $600 cash flow

Income$4,850Mortgage P&I$2,02242%Property Taxes$4249%Insurance$1443%HOA$10Management$58212%CapEx$1944%Vacancy$1463%Maintenance$1944%Other$53411%Cash Flow$600

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,040

Closing costs

1%

$4,002

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,850

Total Expenses

$4,250

Mortgage P&I

42%

$2,022

Property Taxes

9%

$424

Home Insurance

3%

$144

HOA

0%

$10

Property Management

12%

$582

CapEx

4%

$194

Vacancy

3%

$146

Maintenance

4%

$194

Other

11%

$534

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