REI Lense

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$3,860 (target)

4677 Chippewa Dr, Okemos, MI 48864

3 beds • 2 baths • 2634 sqft

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This property might be a fair Mid-Term investment with a projected 1.04% first-year return on $91,500 initial cash invested.

1.04%

Cash On Cash

7.03%

Cap Rate

1.13

DSCR

$3,860

Rent

$79

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,860 income − $3,781 expenses = $79 cash flow

Income$3,860Mortgage P&I$1,81747%Property Taxes$52614%Insurance$1223%HOA$4Management$46312%CapEx$1544%Vacancy$1163%Maintenance$1544%Other$42511%Cash Flow$79

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,860

Total Expenses

$3,781

Mortgage P&I

47%

$1,817

Property Taxes

14%

$526

Home Insurance

3%

$122

HOA

0%

$4

Property Management

12%

$463

CapEx

4%

$154

Vacancy

3%

$116

Maintenance

4%

$154

Other

11%

$425

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