REI Lense

REI Lense

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$2,261 (target)

39805 Coronation Rd, Canton, MI 48188

3 beds • 2 baths • 1730 sqft

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This property looks like a bad Long-Term investment with a projected -2.08% first-year return on $56,595 initial cash invested.

-2.08%

Cash On Cash

6.06%

Cap Rate

1.01

DSCR

$2,261

Rent

-$98

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,261 income − $2,359 expenses = $98 out of pocket

Income$2,261Out of Pocket$98Mortgage P&I$1,34559%Property Taxes$32414%Insurance$944%HOA$8Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,595

Downpayment

20%

$53,900

Closing costs

1%

$2,695

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,261

Total Expenses

$2,359

Mortgage P&I

59%

$1,345

Property Taxes

14%

$324

Home Insurance

4%

$94

HOA

0%

$8

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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