REI Lense

REI Lense

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$3,068 (target)

21660 Roosevelt Ave, Farmington Hills, MI 48336

3 beds • 2 baths • 1119 sqft

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This property might be a fair Mid-Term investment with a projected 3.68% first-year return on $74,070 initial cash invested.

3.68%

Cash On Cash

7.91%

Cap Rate

1.25

DSCR

$3,068

Rent

$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,070

Downpayment

20%

$53,400

Closing costs

1%

$2,670

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,068

Total Expenses

$2,841

Mortgage P&I

46%

$1,411

Property Taxes

10%

$312

Home Insurance

2%

$75

HOA

0%

$0

Property Management

12%

$368

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$337

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