REI Lense

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$4,718 (target)

15389 Lakeside St, Plymouth, MI 48170

3 beds • 3 baths • 3225 sqft

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This property looks like a bad Mid-Term investment with a projected -7.5% first-year return on $146k initial cash invested.

-7.5%

Cash On Cash

4.68%

Cap Rate

0.77

DSCR

$4,718

Rent

-$913

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,718 income − $5,631 expenses = $913 out of pocket

Income$4,718Out of Pocket$913Mortgage P&I$3,10366%Property Taxes$70415%Insurance$2195%Management$56612%CapEx$1894%Vacancy$1423%Maintenance$1894%Other$51911%

Investment Breakdown

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Purchase Price

$610k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$122k

Closing costs

1%

$6,101

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,718

Total Expenses

$5,631

Mortgage P&I

66%

$3,103

Property Taxes

15%

$704

Home Insurance

5%

$219

HOA

0%

$0

Property Management

12%

$566

CapEx

4%

$189

Vacancy

3%

$142

Maintenance

4%

$189

Other

11%

$519

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