REI Lense

REI Lense

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$4,142 (target)

53771 N Foster Rd, Chesterfield, MI 48051

3 beds • 3 baths • 2315 sqft

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This property might be a fair Mid-Term investment with a projected 1.94% first-year return on $110k initial cash invested.

1.94%

Cash On Cash

6.87%

Cap Rate

1.16

DSCR

$4,142

Rent

$178

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,760

Closing costs

1%

$4,388

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,142

Total Expenses

$3,964

Mortgage P&I

52%

$2,167

Property Taxes

5%

$216

Home Insurance

4%

$172

HOA

0%

$0

Property Management

12%

$497

CapEx

4%

$166

Vacancy

3%

$124

Maintenance

4%

$166

Other

11%

$456

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