REI Lense

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$3,698 (target)

7339 Parkway Ct, Canton, MI 48187

3 beds • 2 baths • 1523 sqft

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This property looks like a bad Mid-Term investment with a projected -0.93% first-year return on $97,590 initial cash invested.

-0.93%

Cash On Cash

6.46%

Cap Rate

1.04

DSCR

$3,698

Rent

-$76

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,698 income − $3,774 expenses = $76 out of pocket

Income$3,698Out of Pocket$76Mortgage P&I$1,96953%Property Taxes$38410%Insurance$1334%HOA$301%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

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Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,590

Downpayment

20%

$75,800

Closing costs

1%

$3,790

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,698

Total Expenses

$3,774

Mortgage P&I

53%

$1,969

Property Taxes

10%

$384

Home Insurance

4%

$133

HOA

1%

$30

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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