REI Lense

REI Lense

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$2,324 (target)

293 Fielding St, Ferndale, MI 48220

3 beds • 2 baths • 1300 sqft

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This property might be a fair Long-Term investment with a projected 2.77% first-year return on $40,719 initial cash invested.

2.77%

Cash On Cash

7.79%

Cap Rate

1.2

DSCR

$2,324

Rent

$94

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,324 income − $2,230 expenses = $94 cash flow

Income$2,324Mortgage P&I$1,04845%Property Taxes$50922%Insurance$703%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%Cash Flow$94

Investment Breakdown

|

Purchase Price

$194k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,719

Downpayment

20%

$38,780

Closing costs

1%

$1,939

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,324

Total Expenses

$2,230

Mortgage P&I

45%

$1,048

Property Taxes

22%

$509

Home Insurance

3%

$70

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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