REI Lense

REI Lense

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$2,522 (target)

3642 Hi Lure Dr, Lake Orion, MI 48360

3 beds • 2 baths • 1972 sqft

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This property looks like a bad Long-Term investment with a projected -10.61% first-year return on $77,700 initial cash invested.

-10.61%

Cash On Cash

4.58%

Cap Rate

0.72

DSCR

$2,522

Rent

-$687

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,522 income − $3,209 expenses = $687 out of pocket

Income$2,522Out of Pocket$687Mortgage P&I$1,97378%Property Taxes$44818%Insurance$1315%HOA$2Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,700

Downpayment

20%

$74,000

Closing costs

1%

$3,700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,522

Total Expenses

$3,209

Mortgage P&I

78%

$1,973

Property Taxes

18%

$448

Home Insurance

5%

$131

HOA

0%

$2

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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