REI Lense

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$3,990 (target)

45209 Saltz Rd, Canton, MI 48187

3 beds • 2 baths • 2270 sqft

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This property looks like a bad Mid-Term investment with a projected -0.91% first-year return on $104k initial cash invested.

-0.91%

Cash On Cash

6.21%

Cap Rate

1.04

DSCR

$3,990

Rent

-$79

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,990 income − $4,069 expenses = $79 out of pocket

Income$3,990Out of Pocket$79Mortgage P&I$2,04351%Property Taxes$52813%Insurance$1404%Management$47912%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$43911%

Investment Breakdown

|

Purchase Price

$411k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,100

Closing costs

1%

$4,105

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,990

Total Expenses

$4,069

Mortgage P&I

51%

$2,043

Property Taxes

13%

$528

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$479

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$439

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