REI Lense

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$3,855 (target)

23440 Grandy St, Clinton Township, MI 48035

3 beds • 3 baths • 1700 sqft

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This property might be a fair Mid-Term investment with a projected 1.55% first-year return on $93,453 initial cash invested.

1.55%

Cash On Cash

6.79%

Cap Rate

1.16

DSCR

$3,855

Rent

$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,453

Downpayment

20%

$71,860

Closing costs

1%

$3,593

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,855

Total Expenses

$3,734

Mortgage P&I

46%

$1,758

Property Taxes

14%

$539

Home Insurance

3%

$126

HOA

0%

$0

Property Management

12%

$463

CapEx

4%

$154

Vacancy

3%

$116

Maintenance

4%

$154

Other

11%

$424

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