REI Lense

REI Lense

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$2,226 (target)

29275 Roan Dr, Warren, MI 48093

3 beds • 2 baths • 1310 sqft

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This property might be a fair Long-Term investment with a projected 0.81% first-year return on $50,337 initial cash invested.

0.81%

Cash On Cash

6.79%

Cap Rate

1.12

DSCR

$2,226

Rent

$34

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,226 income − $2,192 expenses = $34 cash flow

Income$2,226Mortgage P&I$1,21154%Property Taxes$30614%Insurance$964%Management$22310%CapEx$1115%Vacancy$1346%Maintenance$1115%Cash Flow$34

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,337

Downpayment

20%

$47,940

Closing costs

1%

$2,397

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,226

Total Expenses

$2,192

Mortgage P&I

54%

$1,211

Property Taxes

14%

$306

Home Insurance

4%

$96

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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