REI Lense

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$2,867 (target)

219 Allen Lake Dr, White Lake, MI 48386

3 beds • 2 baths • 1926 sqft

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This property looks like a bad Long-Term investment with a projected -2.68% first-year return on $78,750 initial cash invested.

-2.68%

Cash On Cash

6.01%

Cap Rate

0.98

DSCR

$2,867

Rent

-$176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,867 income − $3,043 expenses = $176 out of pocket

Income$2,867Out of Pocket$176Mortgage P&I$1,91067%Property Taxes$2449%Insurance$1315%HOA$13Management$28710%CapEx$1435%Vacancy$1726%Maintenance$1435%

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,867

Total Expenses

$3,043

Mortgage P&I

67%

$1,910

Property Taxes

9%

$244

Home Insurance

5%

$131

HOA

0%

$13

Property Management

10%

$287

CapEx

5%

$143

Vacancy

6%

$172

Maintenance

5%

$143

Other

0%

$0

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