REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,071 (target)

1198 Ridgeview Cir, Lake Orion, MI 48362

3 beds • 3 baths • 2161 sqft

Email

This property looks like a bad Long-Term investment with a projected -7.77% first-year return on $90,027 initial cash invested.

-7.77%

Cash On Cash

4.76%

Cap Rate

0.8

DSCR

$3,071

Rent

-$583

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,071 income − $3,654 expenses = $583 out of pocket

Income$3,071Out of Pocket$583Mortgage P&I$2,13069%Property Taxes$55018%Insurance$1545%HOA$211%Management$30710%CapEx$1545%Vacancy$1846%Maintenance$1545%

Investment Breakdown

|

Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,027

Downpayment

20%

$85,740

Closing costs

1%

$4,287

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,071

Total Expenses

$3,654

Mortgage P&I

69%

$2,130

Property Taxes

18%

$550

Home Insurance

5%

$154

HOA

1%

$21

Property Management

10%

$307

CapEx

5%

$154

Vacancy

6%

$184

Maintenance

5%

$154

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis