REI Lense

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$3,766 (target)

9971 Merriman Rd, Livonia, MI 48150

3 beds • 3 baths • 2500 sqft

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This property might be a fair Mid-Term investment with a projected 9.41% first-year return on $79,950 initial cash invested.

9.41%

Cash On Cash

9.21%

Cap Rate

1.52

DSCR

$3,766

Rent

$627

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,766 income − $3,139 expenses = $627 cash flow

Income$3,766Mortgage P&I$1,48539%Property Taxes$2687%Insurance$1053%Management$45212%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41411%Cash Flow$627

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,766

Total Expenses

$3,139

Mortgage P&I

39%

$1,485

Property Taxes

7%

$268

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$452

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$414

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