REI Lense

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$3,122 (target)

2741 Longmeadow Dr, Trenton, MI 48183

3 beds • 2 baths • 2054 sqft

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This property might be a fair Mid-Term investment with a projected 3.95% first-year return on $74,364 initial cash invested.

3.95%

Cash On Cash

7.72%

Cap Rate

1.27

DSCR

$3,122

Rent

$245

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,122 income − $2,877 expenses = $245 cash flow

Income$3,122Mortgage P&I$1,35643%Property Taxes$36512%Insurance$943%Management$37512%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34311%Cash Flow$245

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,364

Downpayment

20%

$53,680

Closing costs

1%

$2,684

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,122

Total Expenses

$2,877

Mortgage P&I

43%

$1,356

Property Taxes

12%

$365

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$375

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$343

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