REI Lense

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$4,293 (target)

6440 Grand Circle Dr, Brighton, MI 48116

3 beds • 3 baths • 1810 sqft

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This property might be a fair Mid-Term investment with a projected 6.73% first-year return on $99,690 initial cash invested.

6.73%

Cash On Cash

8.27%

Cap Rate

1.38

DSCR

$4,293

Rent

$559

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,293 income − $3,734 expenses = $559 cash flow

Income$4,293Mortgage P&I$1,94945%Property Taxes$1864%Insurance$1363%HOA$3Management$51512%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47211%Cash Flow$559

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,293

Total Expenses

$3,734

Mortgage P&I

45%

$1,949

Property Taxes

4%

$186

Home Insurance

3%

$136

HOA

0%

$3

Property Management

12%

$515

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$472

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