REI Lense

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$4,310 (target)

24414 Lois Ln, Southfield, MI 48075

3 beds • 2 baths • 3240 sqft

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This property might be a fair Mid-Term investment with a projected 2.55% first-year return on $94,566 initial cash invested.

2.55%

Cash On Cash

7.46%

Cap Rate

1.2

DSCR

$4,310

Rent

$201

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,310 income − $4,109 expenses = $201 cash flow

Income$4,310Mortgage P&I$1,89444%Property Taxes$62214%Insurance$1293%Management$51712%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47411%Cash Flow$201

Investment Breakdown

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Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,566

Downpayment

20%

$72,920

Closing costs

1%

$3,646

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,310

Total Expenses

$4,109

Mortgage P&I

44%

$1,894

Property Taxes

14%

$622

Home Insurance

3%

$129

HOA

0%

$0

Property Management

12%

$517

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$474

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