REI Lense

REI Lense

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$2,544 (target)

20421 Kenmore Ave, Harper Woods, MI 48225

3 beds • 2 baths • 2146 sqft

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This property might be a fair Mid-Term investment with a projected 9.95% first-year return on $57,795 initial cash invested.

9.95%

Cash On Cash

10.09%

Cap Rate

1.57

DSCR

$2,544

Rent

$479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$190k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,795

Downpayment

20%

$37,900

Closing costs

1%

$1,895

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,544

Total Expenses

$2,065

Mortgage P&I

40%

$1,013

Property Taxes

5%

$135

Home Insurance

2%

$52

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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