REI Lense

REI Lense

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$3,466 (target)

2580 Harvest Hill Dr, Brighton, MI 48114

3 beds • 3 baths • 1664 sqft

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This property might be a fair Long-Term investment with a projected 2.33% first-year return on $79,758 initial cash invested.

2.33%

Cash On Cash

7.05%

Cap Rate

1.17

DSCR

$3,466

Rent

$155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,466 income − $3,311 expenses = $155 cash flow

Income$3,466Mortgage P&I$1,90355%Property Taxes$33210%Insurance$1755%Management$34710%CapEx$1735%Vacancy$2086%Maintenance$1735%Cash Flow$155

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,758

Downpayment

20%

$75,960

Closing costs

1%

$3,798

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,466

Total Expenses

$3,311

Mortgage P&I

55%

$1,903

Property Taxes

10%

$332

Home Insurance

5%

$175

HOA

0%

$0

Property Management

10%

$347

CapEx

5%

$173

Vacancy

6%

$208

Maintenance

5%

$173

Other

0%

$0

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