REI Lense

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$3,214 (target)

33316 Mina Dr, Sterling Heights, MI 48312

3 beds • 3 baths • 2521 sqft

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This property might be a fair Mid-Term investment with a projected 0.11% first-year return on $86,166 initial cash invested.

0.11%

Cash On Cash

6.44%

Cap Rate

1.09

DSCR

$3,214

Rent

$8

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,214 income − $3,206 expenses = $8 cash flow

Income$3,214Mortgage P&I$1,60550%Property Taxes$39212%Insurance$1154%Management$38612%CapEx$1294%Vacancy$963%Maintenance$1294%Other$35411%Cash Flow$8

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,166

Downpayment

20%

$64,920

Closing costs

1%

$3,246

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,214

Total Expenses

$3,206

Mortgage P&I

50%

$1,605

Property Taxes

12%

$392

Home Insurance

4%

$115

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$96

Maintenance

4%

$129

Other

11%

$354

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