REI Lense

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$2,642 (target)

7174 Meadowvue Dr, Grand Blanc, MI 48439

3 beds • 3 baths • 2189 sqft

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This property might be a fair Long-Term investment with a projected 2.28% first-year return on $55,293 initial cash invested.

2.28%

Cash On Cash

7.17%

Cap Rate

1.18

DSCR

$2,642

Rent

$105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,642 income − $2,537 expenses = $105 cash flow

Income$2,642Mortgage P&I$1,33751%Property Taxes$38314%Insurance$1305%Management$26410%CapEx$1325%Vacancy$1596%Maintenance$1325%Cash Flow$105

Investment Breakdown

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Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,293

Downpayment

20%

$52,660

Closing costs

1%

$2,633

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,642

Total Expenses

$2,537

Mortgage P&I

51%

$1,337

Property Taxes

14%

$383

Home Insurance

5%

$130

HOA

0%

$0

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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