REI Lense

REI Lense

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$2,754 (target)

85 Northland Xing, Shelby, MI 49455

3 beds • 3 baths • 1320 sqft

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This property might be a fair Mid-Term investment with a projected 4.51% first-year return on $72,852 initial cash invested.

4.51%

Cash On Cash

7.65%

Cap Rate

1.3

DSCR

$2,754

Rent

$274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$261k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,852

Downpayment

20%

$52,240

Closing costs

1%

$2,612

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,754

Total Expenses

$2,480

Mortgage P&I

47%

$1,281

Property Taxes

6%

$169

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$330

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$303

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