REI Lense

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$2,183 (target)

42991 Saxony Rd, Canton, MI 48187

3 beds • 3 baths • 1514 sqft

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This property looks like a bad Long-Term investment with a projected -9.9% first-year return on $66,570 initial cash invested.

-9.9%

Cash On Cash

4.73%

Cap Rate

0.74

DSCR

$2,183

Rent

-$549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,183 income − $2,732 expenses = $549 out of pocket

Income$2,183Out of Pocket$549Mortgage P&I$1,69077%Property Taxes$32815%Insurance$1366%HOA$111%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

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Purchase Price

$317k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,570

Downpayment

20%

$63,400

Closing costs

1%

$3,170

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,183

Total Expenses

$2,732

Mortgage P&I

77%

$1,690

Property Taxes

15%

$328

Home Insurance

6%

$136

HOA

1%

$11

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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