REI Lense

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$3,274 (target)

42991 Saxony Rd, Canton, MI 48187

3 beds • 3 baths • 1514 sqft

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This property looks like a bad Mid-Term investment with a projected -0.06% first-year return on $84,570 initial cash invested.

-0.06%

Cash On Cash

6.88%

Cap Rate

1.08

DSCR

$3,274

Rent

-$4

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,274 income − $3,278 expenses = $4 out of pocket

Income$3,274Out of Pocket$4Mortgage P&I$1,69052%Property Taxes$32810%Insurance$1364%HOA$11Management$39312%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36011%

Investment Breakdown

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Purchase Price

$317k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,570

Downpayment

20%

$63,400

Closing costs

1%

$3,170

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,274

Total Expenses

$3,278

Mortgage P&I

52%

$1,690

Property Taxes

10%

$328

Home Insurance

4%

$136

HOA

0%

$11

Property Management

12%

$393

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$360

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