REI Lense

REI Lense

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$3,346 (target)

4550 Independence Dr, Clarkston, MI 48346

3 beds • 2 baths • 1554 sqft

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This property might be a fair Mid-Term investment with a projected 5.22% first-year return on $79,824 initial cash invested.

5.22%

Cash On Cash

7.85%

Cap Rate

1.33

DSCR

$3,346

Rent

$347

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,824

Downpayment

20%

$58,880

Closing costs

1%

$2,944

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,346

Total Expenses

$2,999

Mortgage P&I

43%

$1,444

Property Taxes

9%

$312

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$402

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$368

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