REI Lense

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$3,210 (target)

8234 Arlis St, Commerce Township, MI 48382

3 beds • 2 baths • 1590 sqft

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This property might be a fair Mid-Term investment with a projected 2.3% first-year return on $74,133 initial cash invested.

2.3%

Cash On Cash

7.47%

Cap Rate

1.19

DSCR

$3,210

Rent

$142

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,210 income − $3,068 expenses = $142 cash flow

Income$3,210Mortgage P&I$1,39543%Property Taxes$48315%Insurance$963%HOA$4Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%Cash Flow$142

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,133

Downpayment

20%

$53,460

Closing costs

1%

$2,673

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,210

Total Expenses

$3,068

Mortgage P&I

43%

$1,395

Property Taxes

15%

$483

Home Insurance

3%

$96

HOA

0%

$4

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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