REI Lense

REI Lense

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$3,532 (target)

44570 Ridgefield Rd, Canton, MI 48188

3 beds • 2 baths • 2827 sqft

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This property looks like a bad Mid-Term investment with a projected -0.6% first-year return on $96,750 initial cash invested.

-0.6%

Cash On Cash

6.29%

Cap Rate

1.05

DSCR

$3,532

Rent

-$48

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,532 income − $3,580 expenses = $48 out of pocket

Income$3,532Out of Pocket$48Mortgage P&I$1,87253%Property Taxes$36310%Insurance$1314%HOA$13Management$42412%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38911%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,532

Total Expenses

$3,580

Mortgage P&I

53%

$1,872

Property Taxes

10%

$363

Home Insurance

4%

$131

HOA

0%

$13

Property Management

12%

$424

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$389

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