REI Lense

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$4,478 (target)

2135 Holly Berry Ln, Commerce Township, MI 48390

3 beds • 3 baths • 2725 sqft

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This property might be a fair Mid-Term investment with a projected 2.52% first-year return on $109k initial cash invested.

2.52%

Cash On Cash

7.37%

Cap Rate

1.18

DSCR

$4,478

Rent

$228

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,478 income − $4,250 expenses = $228 cash flow

Income$4,478Mortgage P&I$2,24050%Property Taxes$3177%Insurance$1543%HOA$17Management$53712%CapEx$1794%Vacancy$1343%Maintenance$1794%Other$49311%Cash Flow$228

Investment Breakdown

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Purchase Price

$431k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,240

Closing costs

1%

$4,312

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,478

Total Expenses

$4,250

Mortgage P&I

50%

$2,240

Property Taxes

7%

$317

Home Insurance

3%

$154

HOA

0%

$17

Property Management

12%

$537

CapEx

4%

$179

Vacancy

3%

$134

Maintenance

4%

$179

Other

11%

$493

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