REI Lense

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$3,099 (target)

1775 Porter Rd, White Lake, MI 48383

3 beds • 2 baths • 1424 sqft

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This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $89,673 initial cash invested.

-3.06%

Cash On Cash

6.28%

Cap Rate

0.94

DSCR

$3,099

Rent

-$229

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,099 income − $3,328 expenses = $229 out of pocket

Income$3,099Out of Pocket$229Mortgage P&I$1,89161%Property Taxes$2618%Insurance$1224%Management$37212%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34111%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,673

Downpayment

20%

$68,260

Closing costs

1%

$3,413

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,099

Total Expenses

$3,328

Mortgage P&I

61%

$1,891

Property Taxes

8%

$261

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$372

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$341

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