REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$4,202 (target)

3020 Glengary Rd, Commerce Township, MI 48382

3 beds • 3 baths • 1958 sqft

Email

This property might be a fair Mid-Term investment with a projected 2.43% first-year return on $98,913 initial cash invested.

2.43%

Cash On Cash

7.09%

Cap Rate

1.19

DSCR

$4,202

Rent

$200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,202 income − $4,002 expenses = $200 cash flow

Income$4,202Mortgage P&I$1,90845%Property Taxes$3168%Insurance$3508%Management$50412%CapEx$1684%Vacancy$1263%Maintenance$1684%Other$46211%Cash Flow$200

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,913

Downpayment

20%

$77,060

Closing costs

1%

$3,853

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,202

Total Expenses

$4,002

Mortgage P&I

45%

$1,908

Property Taxes

8%

$316

Home Insurance

8%

$350

HOA

0%

$0

Property Management

12%

$504

CapEx

4%

$168

Vacancy

3%

$126

Maintenance

4%

$168

Other

11%

$462

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis