REI Lense

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$3,946 (target)

239 Andover Woods Dr, Fenton, MI 48430

3 beds • 2 baths • 1605 sqft

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This property might be a fair Mid-Term investment with a projected 6.33% first-year return on $84,150 initial cash invested.

6.33%

Cash On Cash

8.28%

Cap Rate

1.38

DSCR

$3,946

Rent

$444

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,946 income − $3,502 expenses = $444 cash flow

Income$3,946Mortgage P&I$1,57140%Property Taxes$44911%Insurance$1103%HOA$301%Management$47412%CapEx$1584%Vacancy$1183%Maintenance$1584%Other$43411%Cash Flow$444

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,946

Total Expenses

$3,502

Mortgage P&I

40%

$1,571

Property Taxes

11%

$449

Home Insurance

3%

$110

HOA

1%

$30

Property Management

12%

$474

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$434

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