REI Lense

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$3,447 (target)

33503 Stocker St, Farmington Hills, MI 48335

3 beds • 2 baths • 1442 sqft

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This property might be a fair Mid-Term investment with a projected 4.54% first-year return on $76,443 initial cash invested.

4.54%

Cash On Cash

7.85%

Cap Rate

1.31

DSCR

$3,447

Rent

$289

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,447 income − $3,158 expenses = $289 cash flow

Income$3,447Mortgage P&I$1,39440%Property Taxes$49114%Insurance$1013%Management$41412%CapEx$1384%Vacancy$1033%Maintenance$1384%Other$37911%Cash Flow$289

Investment Breakdown

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Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,443

Downpayment

20%

$55,660

Closing costs

1%

$2,783

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,447

Total Expenses

$3,158

Mortgage P&I

40%

$1,394

Property Taxes

14%

$491

Home Insurance

3%

$101

HOA

0%

$0

Property Management

12%

$414

CapEx

4%

$138

Vacancy

3%

$103

Maintenance

4%

$138

Other

11%

$379

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