REI Lense

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$2,318 (target)

5183 N Oak Rd, Davison, MI 48423

3 beds • 2 baths • 1628 sqft

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This property might be a fair Mid-Term investment with a projected 2.89% first-year return on $62,268 initial cash invested.

2.89%

Cash On Cash

7.77%

Cap Rate

1.22

DSCR

$2,318

Rent

$150

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,318 income − $2,168 expenses = $150 cash flow

Income$2,318Mortgage P&I$1,12248%Property Taxes$1697%Insurance$884%Management$27812%CapEx$934%Vacancy$703%Maintenance$934%Other$25511%Cash Flow$150

Investment Breakdown

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Purchase Price

$211k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,268

Downpayment

20%

$42,160

Closing costs

1%

$2,108

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,318

Total Expenses

$2,168

Mortgage P&I

48%

$1,122

Property Taxes

7%

$169

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$255

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