REI Lense

REI Lense

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$1,808 (target)

9561 Salem, Redford, MI 48239

3 beds • 2 baths • 1880 sqft

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This property might be a fair Long-Term investment with a projected 2.16% first-year return on $37,779 initial cash invested.

2.16%

Cash On Cash

7.55%

Cap Rate

1.16

DSCR

$1,808

Rent

$68

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,808 income − $1,740 expenses = $68 cash flow

Income$1,808Mortgage P&I$97454%Property Taxes$23413%Insurance$633%Management$18110%CapEx$905%Vacancy$1086%Maintenance$905%Cash Flow$68

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,779

Downpayment

20%

$35,980

Closing costs

1%

$1,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,808

Total Expenses

$1,740

Mortgage P&I

54%

$974

Property Taxes

13%

$234

Home Insurance

3%

$63

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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