REI Lense

REI Lense

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$2,355 (target)

44570 Ridgefield Rd, Canton, MI 48188

3 beds • 2 baths • 2827 sqft

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This property looks like a bad Long-Term investment with a projected -9.71% first-year return on $78,750 initial cash invested.

-9.71%

Cash On Cash

4.33%

Cap Rate

0.72

DSCR

$2,355

Rent

-$637

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,355 income − $2,992 expenses = $637 out of pocket

Income$2,355Out of Pocket$637Mortgage P&I$1,87279%Property Taxes$36315%Insurance$1316%HOA$131%Management$23610%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,355

Total Expenses

$2,992

Mortgage P&I

79%

$1,872

Property Taxes

15%

$363

Home Insurance

6%

$131

HOA

1%

$13

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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