REI Lense

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$2,347 (target)

6944 Bunkerhill Ln, Canton, MI 48187

3 beds • 2 baths • 2484 sqft

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This property looks like a bad Long-Term investment with a projected -14.28% first-year return on $73,773 initial cash invested.

-14.28%

Cash On Cash

4.08%

Cap Rate

0.61

DSCR

$2,347

Rent

-$878

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,347 income − $3,225 expenses = $878 out of pocket

Income$2,347Out of Pocket$878Mortgage P&I$1,95683%Property Taxes$53023%Insurance$1245%HOA$5Management$23510%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

|

Purchase Price

$351k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,773

Downpayment

20%

$70,260

Closing costs

1%

$3,513

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,347

Total Expenses

$3,225

Mortgage P&I

83%

$1,956

Property Taxes

23%

$530

Home Insurance

5%

$124

HOA

0%

$5

Property Management

10%

$235

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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