REI Lense

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$4,140 (target)

3205 N Milford Rd, Highland, MI 48357

3 beds • 3 baths • 2420 sqft

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This property looks like a bad Mid-Term investment with a projected -1.09% first-year return on $108k initial cash invested.

-1.09%

Cash On Cash

6.24%

Cap Rate

1.03

DSCR

$4,140

Rent

-$98

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,140 income − $4,238 expenses = $98 out of pocket

Income$4,140Out of Pocket$98Mortgage P&I$2,15352%Property Taxes$52813%Insurance$1494%Management$49712%CapEx$1664%Vacancy$1243%Maintenance$1664%Other$45511%

Investment Breakdown

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Purchase Price

$427k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,440

Closing costs

1%

$4,272

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,140

Total Expenses

$4,238

Mortgage P&I

52%

$2,153

Property Taxes

13%

$528

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$497

CapEx

4%

$166

Vacancy

3%

$124

Maintenance

4%

$166

Other

11%

$455

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