REI Lense

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$3,814 (target)

10295 Northridge Ct, White Lake, MI 48386

3 beds • 2 baths • 1914 sqft

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This property looks like a bad Mid-Term investment with a projected -6.6% first-year return on $117k initial cash invested.

-6.6%

Cash On Cash

4.72%

Cap Rate

0.79

DSCR

$3,814

Rent

-$644

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,814 income − $4,458 expenses = $644 out of pocket

Income$3,814Out of Pocket$644Mortgage P&I$2,34862%Property Taxes$60616%Insurance$1664%HOA$401%Management$45812%CapEx$1534%Vacancy$1143%Maintenance$1534%Other$42011%

Investment Breakdown

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Purchase Price

$472k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,440

Closing costs

1%

$4,722

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,814

Total Expenses

$4,458

Mortgage P&I

62%

$2,348

Property Taxes

16%

$606

Home Insurance

4%

$166

HOA

1%

$40

Property Management

12%

$458

CapEx

4%

$153

Vacancy

3%

$114

Maintenance

4%

$153

Other

11%

$420

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