REI Lense

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$4,070 (target)

417 Shana St, Canton, MI 48187

3 beds • 2 baths • 2477 sqft

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This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $97,758 initial cash invested.

2.9%

Cash On Cash

7.23%

Cap Rate

1.21

DSCR

$4,070

Rent

$236

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,070 income − $3,834 expenses = $236 cash flow

Income$4,070Mortgage P&I$1,88846%Property Taxes$42911%Insurance$1333%Management$48812%CapEx$1634%Vacancy$1223%Maintenance$1634%Other$44811%Cash Flow$236

Investment Breakdown

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Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,758

Downpayment

20%

$75,960

Closing costs

1%

$3,798

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,070

Total Expenses

$3,834

Mortgage P&I

46%

$1,888

Property Taxes

11%

$429

Home Insurance

3%

$133

HOA

0%

$0

Property Management

12%

$488

CapEx

4%

$163

Vacancy

3%

$122

Maintenance

4%

$163

Other

11%

$448

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