REI Lense

REI Lense

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$2,702 (target)

42398 Trent Dr, Canton, MI 48188

3 beds • 3 baths • 2762 sqft

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This property looks like a bad Long-Term investment with a projected -11.9% first-year return on $86,835 initial cash invested.

-11.9%

Cash On Cash

4.29%

Cap Rate

0.67

DSCR

$2,702

Rent

-$861

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,702 income − $3,563 expenses = $861 out of pocket

Income$2,702Out of Pocket$861Mortgage P&I$2,20582%Property Taxes$44617%Insurance$1756%HOA$351%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

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Purchase Price

$414k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,835

Downpayment

20%

$82,700

Closing costs

1%

$4,135

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,702

Total Expenses

$3,563

Mortgage P&I

82%

$2,205

Property Taxes

17%

$446

Home Insurance

6%

$175

HOA

1%

$35

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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