REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$4,138 (target)

39755 Spitz Dr, Sterling Heights, MI 48313

3 beds • 3 baths • 2203 sqft

Email

This property might be a fair Mid-Term investment with a projected 3.38% first-year return on $102k initial cash invested.

3.38%

Cash On Cash

7.34%

Cap Rate

1.23

DSCR

$4,138

Rent

$287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,138 income − $3,851 expenses = $287 cash flow

Income$4,138Mortgage P&I$1,99448%Property Taxes$3097%Insurance$1403%Management$49712%CapEx$1664%Vacancy$1243%Maintenance$1664%Other$45511%Cash Flow$287

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,138

Total Expenses

$3,851

Mortgage P&I

48%

$1,994

Property Taxes

7%

$309

Home Insurance

3%

$140

HOA

0%

$0

Property Management

12%

$497

CapEx

4%

$166

Vacancy

3%

$124

Maintenance

4%

$166

Other

11%

$455

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis