REI Lense

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$4,257 (target)

34781 Union Lake Rd, Clinton Township, MI 48035

3 beds • 3 baths • 2340 sqft

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This property looks like a bad Mid-Term investment with a projected -1.37% first-year return on $110k initial cash invested.

-1.37%

Cash On Cash

6.73%

Cap Rate

1.02

DSCR

$4,257

Rent

-$126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,257 income − $4,383 expenses = $126 out of pocket

Income$4,257Out of Pocket$126Mortgage P&I$2,42357%Property Taxes$3568%Insurance$1574%Management$51112%CapEx$1704%Vacancy$1283%Maintenance$1704%Other$46811%

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,980

Closing costs

1%

$4,399

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,257

Total Expenses

$4,383

Mortgage P&I

57%

$2,423

Property Taxes

8%

$356

Home Insurance

4%

$157

HOA

0%

$0

Property Management

12%

$511

CapEx

4%

$170

Vacancy

3%

$128

Maintenance

4%

$170

Other

11%

$468

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