REI Lense

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$4,300 (target)

3455 Ramada Dr, Highland, MI 48356

3 beds • 3 baths • 3378 sqft

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This property might be a fair Mid-Term investment with a projected 8.4% first-year return on $88,602 initial cash invested.

8.4%

Cash On Cash

8.91%

Cap Rate

1.47

DSCR

$4,300

Rent

$620

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,300 income − $3,680 expenses = $620 cash flow

Income$4,300Mortgage P&I$1,70340%Property Taxes$3889%Insurance$1193%HOA$8Management$51612%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47311%Cash Flow$620

Investment Breakdown

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Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,602

Downpayment

20%

$67,240

Closing costs

1%

$3,362

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,300

Total Expenses

$3,680

Mortgage P&I

40%

$1,703

Property Taxes

9%

$388

Home Insurance

3%

$119

HOA

0%

$8

Property Management

12%

$516

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$473

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