REI Lense

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$3,356 (target)

4240 Sherwood Cir, Canton, MI 48188

3 beds • 2 baths • 1633 sqft

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This property looks like a bad Mid-Term investment with a projected -7.68% first-year return on $104k initial cash invested.

-7.68%

Cash On Cash

4.84%

Cap Rate

0.76

DSCR

$3,356

Rent

-$668

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,356 income − $4,024 expenses = $668 out of pocket

Income$3,356Out of Pocket$668Mortgage P&I$2,19165%Property Taxes$51415%Insurance$1404%HOA$381%Management$40312%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$36911%

Investment Breakdown

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Purchase Price

$411k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,240

Closing costs

1%

$4,112

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,356

Total Expenses

$4,024

Mortgage P&I

65%

$2,191

Property Taxes

15%

$514

Home Insurance

4%

$140

HOA

1%

$38

Property Management

12%

$403

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$369

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