REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,474 (target)

470 Oak Grove Dr, Lake Orion, MI 48362

3 beds • 2 baths • 1780 sqft

Email

This property might be a fair Mid-Term investment with a projected 5.01% first-year return on $86,229 initial cash invested.

5.01%

Cash On Cash

7.82%

Cap Rate

1.31

DSCR

$3,474

Rent

$360

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,474 income − $3,114 expenses = $360 cash flow

Income$3,474Mortgage P&I$1,61747%Property Taxes$1905%Insurance$1143%HOA$12Management$41712%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38211%Cash Flow$360

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,474

Total Expenses

$3,114

Mortgage P&I

47%

$1,617

Property Taxes

5%

$190

Home Insurance

3%

$114

HOA

0%

$12

Property Management

12%

$417

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$382

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis