REI Lense

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$3,836 (target)

374 Meadowlake Rd, Canton, MI 48188

3 beds • 2 baths • 2473 sqft

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This property might be a fair Mid-Term investment with a projected 4.34% first-year return on $91,500 initial cash invested.

4.34%

Cash On Cash

7.7%

Cap Rate

1.27

DSCR

$3,836

Rent

$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,836 income − $3,505 expenses = $331 cash flow

Income$3,836Mortgage P&I$1,76246%Property Taxes$3108%Insurance$1223%HOA$8Management$46012%CapEx$1534%Vacancy$1153%Maintenance$1534%Other$42211%Cash Flow$331

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,836

Total Expenses

$3,505

Mortgage P&I

46%

$1,762

Property Taxes

8%

$310

Home Insurance

3%

$122

HOA

0%

$8

Property Management

12%

$460

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$422

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