REI Lense

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$3,705 (target)

46604 Aarons Way, Canton, MI 48188

3 beds • 3 baths • 1864 sqft

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This property looks like a bad Mid-Term investment with a projected -4.71% first-year return on $104k initial cash invested.

-4.71%

Cash On Cash

5.23%

Cap Rate

0.87

DSCR

$3,705

Rent

-$409

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,705 income − $4,114 expenses = $409 out of pocket

Income$3,705Out of Pocket$409Mortgage P&I$2,04955%Property Taxes$58616%Insurance$1474%HOA$722%Management$44512%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40811%

Investment Breakdown

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Purchase Price

$411k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,120

Closing costs

1%

$4,106

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,705

Total Expenses

$4,114

Mortgage P&I

55%

$2,049

Property Taxes

16%

$586

Home Insurance

4%

$147

HOA

2%

$72

Property Management

12%

$445

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$408

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