REI Lense

REI Lense

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$3,012 (target)

240 N Highland St, Dearborn, MI 48128

3 beds • 3 baths • 1537 sqft

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This property might be a fair Mid-Term investment with a projected 0.96% first-year return on $82,155 initial cash invested.

0.96%

Cash On Cash

6.65%

Cap Rate

1.12

DSCR

$3,012

Rent

$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$306k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,155

Downpayment

20%

$61,100

Closing costs

1%

$3,055

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,012

Total Expenses

$2,946

Mortgage P&I

50%

$1,506

Property Taxes

10%

$308

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$361

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$331

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