REI Lense

REI Lense

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$3,573 (target)

348 Meadowlake Rd, Canton, MI 48188

3 beds • 2 baths • 2271 sqft

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This property might be a fair Mid-Term investment with a projected 5.99% first-year return on $82,365 initial cash invested.

5.99%

Cash On Cash

8.08%

Cap Rate

1.37

DSCR

$3,573

Rent

$411

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,365

Downpayment

20%

$61,300

Closing costs

1%

$3,065

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,573

Total Expenses

$3,162

Mortgage P&I

42%

$1,511

Property Taxes

9%

$306

Home Insurance

3%

$122

HOA

0%

$8

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$393

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