REI Lense

REI Lense

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$2,382 (target)

348 Meadowlake Rd, Canton, MI 48188

3 beds • 2 baths • 2271 sqft

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This property looks like a bad Long-Term investment with a projected -3.43% first-year return on $64,365 initial cash invested.

-3.43%

Cash On Cash

5.66%

Cap Rate

0.96

DSCR

$2,382

Rent

-$184

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

$64,365

Downpayment

20%

$61,300

Closing costs

1%

$3,065

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,382

Total Expenses

$2,566

Mortgage P&I

63%

$1,511

Property Taxes

13%

$306

Home Insurance

5%

$122

HOA

0%

$8

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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