REI Lense

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$2,646 (target)

4371 Rexford Ave, Holt, MI 48842

3 beds • 2 baths • 1056 sqft

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This property might be a fair Mid-Term investment with a projected 4.06% first-year return on $64,200 initial cash invested.

4.06%

Cash On Cash

8.06%

Cap Rate

1.28

DSCR

$2,646

Rent

$217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,646 income − $2,429 expenses = $217 cash flow

Income$2,646Mortgage P&I$1,15544%Property Taxes$29711%Insurance$773%Management$31812%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%Cash Flow$217

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,646

Total Expenses

$2,429

Mortgage P&I

44%

$1,155

Property Taxes

11%

$297

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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