REI Lense

REI Lense

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$2,311 (target)

2118 S Cavalier Dr, Canton, MI 48188

3 beds • 2 baths • 1833 sqft

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This property looks like a bad Long-Term investment with a projected -9.05% first-year return on $72,114 initial cash invested.

-9.05%

Cash On Cash

4.86%

Cap Rate

0.76

DSCR

$2,311

Rent

-$544

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,311 income − $2,855 expenses = $544 out of pocket

Income$2,311Out of Pocket$544Mortgage P&I$1,82079%Property Taxes$29713%Insurance$1215%HOA$151%Management$23110%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$343k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,114

Downpayment

20%

$68,680

Closing costs

1%

$3,434

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,311

Total Expenses

$2,855

Mortgage P&I

79%

$1,820

Property Taxes

13%

$297

Home Insurance

5%

$121

HOA

1%

$15

Property Management

10%

$231

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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