REI Lense

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$2,421 (target)

211 S 10th St, Saint Clair, MI 48079

3 beds • 2 baths • 1136 sqft

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This property might be a fair Mid-Term investment with a projected 0.49% first-year return on $68,694 initial cash invested.

0.49%

Cash On Cash

7.02%

Cap Rate

1.1

DSCR

$2,421

Rent

$28

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,421 income − $2,393 expenses = $28 cash flow

Income$2,421Mortgage P&I$1,28853%Property Taxes$2048%Insurance$773%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26611%Cash Flow$28

Investment Breakdown

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Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,694

Downpayment

20%

$48,280

Closing costs

1%

$2,414

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,421

Total Expenses

$2,393

Mortgage P&I

53%

$1,288

Property Taxes

8%

$204

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$266

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