REI Lense

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$2,113 (target)

4235 Lake Grove Dr, White Lake, MI 48383

3 beds • 2 baths • 1344 sqft

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This property looks like a bad Long-Term investment with a projected -14.06% first-year return on $92,400 initial cash invested.

-14.06%

Cash On Cash

3.48%

Cap Rate

0.57

DSCR

$2,113

Rent

-$1,083

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,113 income − $3,196 expenses = $1,083 out of pocket

Income$2,113Out of Pocket$1,083Mortgage P&I$2,254107%Property Taxes$23811%Insurance$1547%Management$21110%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,400

Downpayment

20%

$88,000

Closing costs

1%

$4,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,113

Total Expenses

$3,196

Mortgage P&I

107%

$2,254

Property Taxes

11%

$238

Home Insurance

7%

$154

HOA

0%

$0

Property Management

10%

$211

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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