REI Lense

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$2,361 (target)

3338 Shannon Rd, Burton, MI 48529

3 beds • 2 baths • 1904 sqft

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This property looks like a bad Mid-Term investment with a projected -3.76% first-year return on $74,721 initial cash invested.

-3.76%

Cash On Cash

5.93%

Cap Rate

0.91

DSCR

$2,361

Rent

-$234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,361 income − $2,595 expenses = $234 out of pocket

Income$2,361Out of Pocket$234Mortgage P&I$1,47462%Property Taxes$2239%Insurance$964%Management$28312%CapEx$944%Vacancy$713%Maintenance$944%Other$26011%

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,721

Downpayment

20%

$54,020

Closing costs

1%

$2,701

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,361

Total Expenses

$2,595

Mortgage P&I

62%

$1,474

Property Taxes

9%

$223

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$283

CapEx

4%

$94

Vacancy

3%

$71

Maintenance

4%

$94

Other

11%

$260

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