REI Lense

REI Lense

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$2,806 (target)

30815 Everett St, Southfield, MI 48076

3 beds • 2 baths • 1248 sqft

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This property might be a fair Mid-Term investment with a projected 3.41% first-year return on $74,994 initial cash invested.

3.41%

Cash On Cash

7.38%

Cap Rate

1.24

DSCR

$2,806

Rent

$213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,994

Downpayment

20%

$54,280

Closing costs

1%

$2,714

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,806

Total Expenses

$2,593

Mortgage P&I

48%

$1,344

Property Taxes

7%

$199

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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