REI Lense

REI Lense

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$2,316 (target)

470 Oak Grove Dr, Lake Orion, MI 48362

3 beds • 2 baths • 1780 sqft

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This property looks like a bad Long-Term investment with a projected -3.87% first-year return on $68,229 initial cash invested.

-3.87%

Cash On Cash

5.59%

Cap Rate

0.94

DSCR

$2,316

Rent

-$220

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,316 income − $2,536 expenses = $220 out of pocket

Income$2,316Out of Pocket$220Mortgage P&I$1,61770%Property Taxes$1908%Insurance$1145%HOA$121%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,316

Total Expenses

$2,536

Mortgage P&I

70%

$1,617

Property Taxes

8%

$190

Home Insurance

5%

$114

HOA

1%

$12

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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