REI Lense

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$4,443 (target)

53081 Scenic Dr, Shelby Township, MI 48316

3 beds • 2 baths • 2418 sqft

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This property might be a fair Mid-Term investment with a projected 8.11% first-year return on $95,238 initial cash invested.

8.11%

Cash On Cash

8.62%

Cap Rate

1.45

DSCR

$4,443

Rent

$644

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,443 income − $3,799 expenses = $644 cash flow

Income$4,443Mortgage P&I$1,81941%Property Taxes$3388%Insurance$1313%Management$53312%CapEx$1784%Vacancy$1333%Maintenance$1784%Other$48911%Cash Flow$644

Investment Breakdown

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Purchase Price

$368k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,238

Downpayment

20%

$73,560

Closing costs

1%

$3,678

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,443

Total Expenses

$3,799

Mortgage P&I

41%

$1,819

Property Taxes

8%

$338

Home Insurance

3%

$131

HOA

0%

$0

Property Management

12%

$533

CapEx

4%

$178

Vacancy

3%

$133

Maintenance

4%

$178

Other

11%

$489

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