REI Lense

REI Lense

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$2,596 (target)

3161 Eastgate St, Burton, MI 48519

3 beds • 2 baths • 2090 sqft

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This property might be a fair Mid-Term investment with a projected 1.29% first-year return on $69,513 initial cash invested.

1.29%

Cash On Cash

6.66%

Cap Rate

1.15

DSCR

$2,596

Rent

$75

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,513

Downpayment

20%

$49,060

Closing costs

1%

$2,453

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,596

Total Expenses

$2,521

Mortgage P&I

46%

$1,182

Property Taxes

14%

$363

Home Insurance

4%

$92

HOA

0%

$0

Property Management

12%

$312

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$286

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