REI Lense

REI Lense

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$3,281 (target)

47389 Sugarbush Rd, Chesterfield, MI 48047

3 beds • 2 baths • 2160 sqft

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This property might be a fair Long-Term investment with a projected 5.61% first-year return on $69,888 initial cash invested.

5.61%

Cash On Cash

7.87%

Cap Rate

1.29

DSCR

$3,281

Rent

$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,281 income − $2,954 expenses = $327 cash flow

Income$3,281Mortgage P&I$1,69252%Property Taxes$2929%Insurance$1174%Management$32810%CapEx$1645%Vacancy$1976%Maintenance$1645%Cash Flow$327

Investment Breakdown

|

Purchase Price

$333k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,888

Downpayment

20%

$66,560

Closing costs

1%

$3,328

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,281

Total Expenses

$2,954

Mortgage P&I

52%

$1,692

Property Taxes

9%

$292

Home Insurance

4%

$117

HOA

0%

$0

Property Management

10%

$328

CapEx

5%

$164

Vacancy

6%

$197

Maintenance

5%

$164

Other

0%

$0

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