REI Lense

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$3,435 (target)

300 N Mill St, Clio, MI 48420

3 beds • 3 baths • 1532 sqft

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This property might be a fair Mid-Term investment with a projected 8.59% first-year return on $73,650 initial cash invested.

8.59%

Cash On Cash

9.24%

Cap Rate

1.48

DSCR

$3,435

Rent

$527

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,435 income − $2,908 expenses = $527 cash flow

Income$3,435Mortgage P&I$1,37640%Property Taxes$2728%Insurance$933%Management$41212%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37811%Cash Flow$527

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,435

Total Expenses

$2,908

Mortgage P&I

40%

$1,376

Property Taxes

8%

$272

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$412

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$378

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