REI Lense

REI Lense

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$2,196 (target)

2230 N Center Rd, Burton, MI 48509

3 beds • 2 baths • 1224 sqft

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This property might be a fair Mid-Term investment with a projected 7.56% first-year return on $53,028 initial cash invested.

7.56%

Cash On Cash

9.33%

Cap Rate

1.48

DSCR

$2,196

Rent

$334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$167k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,028

Downpayment

20%

$33,360

Closing costs

1%

$1,668

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,196

Total Expenses

$1,862

Mortgage P&I

40%

$875

Property Taxes

8%

$179

Home Insurance

3%

$60

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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