REI Lense

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$4,996 (target)

318 Province Ln, Canton, MI 48188

3 beds • 4 baths • 3027 sqft

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This property looks like a bad Mid-Term investment with a projected -8.23% first-year return on $149k initial cash invested.

-8.23%

Cash On Cash

4.46%

Cap Rate

0.74

DSCR

$4,996

Rent

-$1,024

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,996 income − $6,020 expenses = $1,024 out of pocket

Income$4,996Out of Pocket$1,024Mortgage P&I$3,14663%Property Taxes$83017%Insurance$2194%HOA$1253%Management$60012%CapEx$2004%Vacancy$1503%Maintenance$2004%Other$55011%

Investment Breakdown

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Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,249

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,996

Total Expenses

$6,020

Mortgage P&I

63%

$3,146

Property Taxes

17%

$830

Home Insurance

4%

$219

HOA

3%

$125

Property Management

12%

$600

CapEx

4%

$200

Vacancy

3%

$150

Maintenance

4%

$200

Other

11%

$550

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