REI Lense

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$2,476 (target)

31434 Newport Dr, Warren, MI 48088

3 beds • 2 baths • 1761 sqft

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This property might be a fair Mid-Term investment with a projected 0.6% first-year return on $71,907 initial cash invested.

0.6%

Cash On Cash

6.56%

Cap Rate

1.11

DSCR

$2,476

Rent

$36

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,476 income − $2,440 expenses = $36 cash flow

Income$2,476Mortgage P&I$1,26951%Property Taxes$23910%Insurance$914%Management$29712%CapEx$994%Vacancy$743%Maintenance$994%Other$27211%Cash Flow$36

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,907

Downpayment

20%

$51,340

Closing costs

1%

$2,567

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,476

Total Expenses

$2,440

Mortgage P&I

51%

$1,269

Property Taxes

10%

$239

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$297

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$272

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