REI Lense

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$4,593 (target)

45179 Rudgate Rd, Canton, MI 48188

3 beds • 3 baths • 2077 sqft

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This property might be a fair Mid-Term investment with a projected 4.11% first-year return on $102k initial cash invested.

4.11%

Cash On Cash

7.55%

Cap Rate

1.27

DSCR

$4,593

Rent

$349

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,593 income − $4,244 expenses = $349 cash flow

Income$4,593Mortgage P&I$1,98243%Property Taxes$55212%Insurance$1403%HOA$8Management$55112%CapEx$1844%Vacancy$1383%Maintenance$1844%Other$50511%Cash Flow$349

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,593

Total Expenses

$4,244

Mortgage P&I

43%

$1,982

Property Taxes

12%

$552

Home Insurance

3%

$140

HOA

0%

$8

Property Management

12%

$551

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$505

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