REI Lense

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$1,587 (target)

24235 Puritan, Redford, MI 48239

3 beds • 2 baths • 1314 sqft

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This property could be a profitable Long-Term investment with a projected 10.74% first-year return on $26,040 initial cash invested.

10.74%

Cash On Cash

9.81%

Cap Rate

1.44

DSCR

$1,587

Rent

$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,587 income − $1,354 expenses = $233 cash flow

Income$1,587Mortgage P&I$70244%Property Taxes$19712%Insurance$433%Management$15910%CapEx$795%Vacancy$956%Maintenance$795%Cash Flow$233

Investment Breakdown

|

Purchase Price

$124k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$26,040

Downpayment

20%

$24,800

Closing costs

1%

$1,240

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,587

Total Expenses

$1,354

Mortgage P&I

44%

$702

Property Taxes

12%

$197

Home Insurance

3%

$43

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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