REI Lense

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$3,285 (target)

471 Elkinford Dr, White Lake, MI 48383

3 beds • 2 baths • 1451 sqft

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This property might be a fair Mid-Term investment with a projected 8.59% first-year return on $68,841 initial cash invested.

8.59%

Cash On Cash

9.56%

Cap Rate

1.48

DSCR

$3,285

Rent

$493

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,285 income − $2,792 expenses = $493 cash flow

Income$3,285Mortgage P&I$1,30540%Property Taxes$2748%Insurance$843%HOA$13Management$39412%CapEx$1314%Vacancy$993%Maintenance$1314%Other$36111%Cash Flow$493

Investment Breakdown

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Purchase Price

$242k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,841

Downpayment

20%

$48,420

Closing costs

1%

$2,421

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,285

Total Expenses

$2,792

Mortgage P&I

40%

$1,305

Property Taxes

8%

$274

Home Insurance

3%

$84

HOA

0%

$13

Property Management

12%

$394

CapEx

4%

$131

Vacancy

3%

$99

Maintenance

4%

$131

Other

11%

$361

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