REI Lense

REI Lense

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$3,020 (target)

40769 Flagstaff Dr, Sterling Heights, MI 48313

3 beds • 2 baths • 1400 sqft

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This property might be a fair Mid-Term investment with a projected 2.32% first-year return on $80,034 initial cash invested.

2.32%

Cash On Cash

7.06%

Cap Rate

1.19

DSCR

$3,020

Rent

$155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,034

Downpayment

20%

$59,080

Closing costs

1%

$2,954

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,020

Total Expenses

$2,865

Mortgage P&I

48%

$1,462

Property Taxes

9%

$271

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$362

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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