REI Lense

REI Lense

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$2,066 (target)

1775 Porter Rd, White Lake, MI 48383

3 beds • 2 baths • 1424 sqft

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This property looks like a bad Long-Term investment with a projected -12.47% first-year return on $71,673 initial cash invested.

-12.47%

Cash On Cash

4.39%

Cap Rate

0.66

DSCR

$2,066

Rent

-$745

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,066 income − $2,811 expenses = $745 out of pocket

Income$2,066Out of Pocket$745Mortgage P&I$1,89192%Property Taxes$26113%Insurance$1226%Management$20710%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,673

Downpayment

20%

$68,260

Closing costs

1%

$3,413

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,066

Total Expenses

$2,811

Mortgage P&I

92%

$1,891

Property Taxes

13%

$261

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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