REI Lense

REI Lense

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$2,751 (target)

2780 W Clarkston Rd, Lake Orion, MI 48362

3 beds • 2 baths • 1716 sqft

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This property looks like a bad Long-Term investment with a projected -9.53% first-year return on $71,526 initial cash invested.

-9.53%

Cash On Cash

4.75%

Cap Rate

0.76

DSCR

$2,751

Rent

-$568

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,751 income − $3,319 expenses = $568 out of pocket

Income$2,751Out of Pocket$568Mortgage P&I$1,77865%Property Taxes$70326%Insurance$1224%Management$27510%CapEx$1385%Vacancy$1656%Maintenance$1385%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,526

Downpayment

20%

$68,120

Closing costs

1%

$3,406

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,751

Total Expenses

$3,319

Mortgage P&I

65%

$1,778

Property Taxes

26%

$703

Home Insurance

4%

$122

HOA

0%

$0

Property Management

10%

$275

CapEx

5%

$138

Vacancy

6%

$165

Maintenance

5%

$138

Other

0%

$0

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