REI Lense

REI Lense

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$2,420 (target)

9578 Grayfield, Redford, MI 48239

3 beds • 2 baths • 2396 sqft

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This property could be a profitable Mid-Term investment with a projected 12.68% first-year return on $51,747 initial cash invested.

12.68%

Cash On Cash

11.08%

Cap Rate

1.77

DSCR

$2,420

Rent

$547

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$161k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,747

Downpayment

20%

$32,140

Closing costs

1%

$1,607

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,420

Total Expenses

$1,873

Mortgage P&I

35%

$840

Property Taxes

6%

$133

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$266

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