REI Lense

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$1,869 (target)

4890 Clinton Dr, Clarkston, MI 48346

3 beds • 3 baths • 2969 sqft

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This property looks like a bad Long-Term investment with a projected -28.01% first-year return on $181k initial cash invested.

-28.01%

Cash On Cash

0.69%

Cap Rate

0.11

DSCR

$1,869

Rent

-$4,219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,869 income − $6,088 expenses = $4,219 out of pocket

Income$1,869Out of Pocket$4,219Mortgage P&I$4,621247%Property Taxes$66736%Insurance$31517%Management$18710%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

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Purchase Price

$861k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$181k

Downpayment

20%

$172k

Closing costs

1%

$8,606

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,869

Total Expenses

$6,088

Mortgage P&I

247%

$4,621

Property Taxes

36%

$667

Home Insurance

17%

$315

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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