REI Lense

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$1,574 (target)

3338 Shannon Rd, Burton, MI 48529

3 beds • 2 baths • 1904 sqft

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This property looks like a bad Long-Term investment with a projected -13.29% first-year return on $56,721 initial cash invested.

-13.29%

Cash On Cash

4.11%

Cap Rate

0.63

DSCR

$1,574

Rent

-$628

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,574 income − $2,202 expenses = $628 out of pocket

Income$1,574Out of Pocket$628Mortgage P&I$1,47494%Property Taxes$22314%Insurance$966%Management$15710%CapEx$795%Vacancy$946%Maintenance$795%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,721

Downpayment

20%

$54,020

Closing costs

1%

$2,701

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,574

Total Expenses

$2,202

Mortgage P&I

94%

$1,474

Property Taxes

14%

$223

Home Insurance

6%

$96

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$79

Vacancy

6%

$94

Maintenance

5%

$79

Other

0%

$0

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