REI Lense

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$3,204 (target)

3300 Eastern Ave, Rochester Hills, MI 48307

3 beds • 2 baths • 1488 sqft

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This property might be a fair Mid-Term investment with a projected 1.92% first-year return on $80,622 initial cash invested.

1.92%

Cash On Cash

7.82%

Cap Rate

1.15

DSCR

$3,204

Rent

$129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,204 income − $3,075 expenses = $129 cash flow

Income$3,204Mortgage P&I$1,68753%Property Taxes$2127%Insurance$883%Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%Cash Flow$129

Investment Breakdown

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Purchase Price

$298k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,622

Downpayment

20%

$59,640

Closing costs

1%

$2,982

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,204

Total Expenses

$3,075

Mortgage P&I

53%

$1,687

Property Taxes

7%

$212

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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