REI Lense

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$4,802 (target)

2566 Harrington Rd, Rochester Hills, MI 48307

3 beds • 3 baths • 3373 sqft

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This property could be a profitable Long-Term investment with a projected 13.21% first-year return on $84,945 initial cash invested.

13.21%

Cash On Cash

9.42%

Cap Rate

1.59

DSCR

$4,802

Rent

$935

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,802 income − $3,867 expenses = $935 cash flow

Income$4,802Mortgage P&I$2,00242%Property Taxes$4429%Insurance$1754%Management$48010%CapEx$2405%Vacancy$2886%Maintenance$2405%Cash Flow$935

Investment Breakdown

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Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,945

Downpayment

20%

$80,900

Closing costs

1%

$4,045

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,802

Total Expenses

$3,867

Mortgage P&I

42%

$2,002

Property Taxes

9%

$442

Home Insurance

4%

$175

HOA

0%

$0

Property Management

10%

$480

CapEx

5%

$240

Vacancy

6%

$288

Maintenance

5%

$240

Other

0%

$0

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