REI Lense

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$3,998 (target)

2805 Pinto Dr, Commerce Township, MI 48382

3 beds • 2 baths • 1661 sqft

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This property might be a fair Mid-Term investment with a projected 4.73% first-year return on $93,054 initial cash invested.

4.73%

Cash On Cash

7.74%

Cap Rate

1.3

DSCR

$3,998

Rent

$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,998 income − $3,631 expenses = $367 cash flow

Income$3,998Mortgage P&I$1,77844%Property Taxes$3689%Insurance$1213%HOA$4Management$48012%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44011%Cash Flow$367

Investment Breakdown

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Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,054

Downpayment

20%

$71,480

Closing costs

1%

$3,574

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,998

Total Expenses

$3,631

Mortgage P&I

44%

$1,778

Property Taxes

9%

$368

Home Insurance

3%

$121

HOA

0%

$4

Property Management

12%

$480

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$440

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