REI Lense

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$3,974 (target)

41411 Greenwood Dr, Canton, MI 48187

3 beds • 3 baths • 2983 sqft

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This property might be a fair Mid-Term investment with a projected 1.27% first-year return on $95,217 initial cash invested.

1.27%

Cash On Cash

6.91%

Cap Rate

1.14

DSCR

$3,974

Rent

$101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,974 income − $3,873 expenses = $101 cash flow

Income$3,974Mortgage P&I$1,85647%Property Taxes$53513%Insurance$1313%Management$47712%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43711%Cash Flow$101

Investment Breakdown

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Purchase Price

$368k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,217

Downpayment

20%

$73,540

Closing costs

1%

$3,677

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,974

Total Expenses

$3,873

Mortgage P&I

47%

$1,856

Property Taxes

13%

$535

Home Insurance

3%

$131

HOA

0%

$0

Property Management

12%

$477

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$437

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