REI Lense

REI Lense

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$2,660 (target)

45209 Saltz Rd, Canton, MI 48187

3 beds • 2 baths • 2270 sqft

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This property looks like a bad Long-Term investment with a projected -10.34% first-year return on $86,205 initial cash invested.

-10.34%

Cash On Cash

4.19%

Cap Rate

0.7

DSCR

$2,660

Rent

-$743

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,660 income − $3,403 expenses = $743 out of pocket

Income$2,660Out of Pocket$743Mortgage P&I$2,04377%Property Taxes$52820%Insurance$1405%Management$26610%CapEx$1335%Vacancy$1606%Maintenance$1335%

Investment Breakdown

|

Purchase Price

$411k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,205

Downpayment

20%

$82,100

Closing costs

1%

$4,105

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,660

Total Expenses

$3,403

Mortgage P&I

77%

$2,043

Property Taxes

20%

$528

Home Insurance

5%

$140

HOA

0%

$0

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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