REI Lense

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$3,392 (target)

39805 Coronation Rd, Canton, MI 48188

3 beds • 2 baths • 1730 sqft

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This property might be a fair Mid-Term investment with a projected 7.51% first-year return on $74,595 initial cash invested.

7.51%

Cash On Cash

8.67%

Cap Rate

1.45

DSCR

$3,392

Rent

$467

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,392 income − $2,925 expenses = $467 cash flow

Income$3,392Mortgage P&I$1,34540%Property Taxes$32410%Insurance$943%HOA$8Management$40712%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37311%Cash Flow$467

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,595

Downpayment

20%

$53,900

Closing costs

1%

$2,695

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,392

Total Expenses

$2,925

Mortgage P&I

40%

$1,345

Property Taxes

10%

$324

Home Insurance

3%

$94

HOA

0%

$8

Property Management

12%

$407

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$373

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