REI Lense

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$3,126 (target)

48008 Forbes Dr, Chesterfield, MI 48047

3 beds • 2 baths • 1959 sqft

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This property might be a fair Long-Term investment with a projected 3.5% first-year return on $62,454 initial cash invested.

3.5%

Cash On Cash

7.7%

Cap Rate

1.22

DSCR

$3,126

Rent

$182

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,126 income − $2,944 expenses = $182 cash flow

Income$3,126Mortgage P&I$1,57150%Property Taxes$43214%Insurance$1284%Management$31310%CapEx$1565%Vacancy$1886%Maintenance$1565%Cash Flow$182

Investment Breakdown

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Purchase Price

$297k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,454

Downpayment

20%

$59,480

Closing costs

1%

$2,974

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,126

Total Expenses

$2,944

Mortgage P&I

50%

$1,571

Property Taxes

14%

$432

Home Insurance

4%

$128

HOA

0%

$0

Property Management

10%

$313

CapEx

5%

$156

Vacancy

6%

$188

Maintenance

5%

$156

Other

0%

$0

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