REI Lense

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$2,173 (target)

5000 Algonquin Blvd, Clarkston, MI 48348

3 beds • 2 baths • 2150 sqft

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This property looks like a bad Long-Term investment with a projected -15.16% first-year return on $84,882 initial cash invested.

-15.16%

Cash On Cash

3.37%

Cap Rate

0.54

DSCR

$2,173

Rent

-$1,072

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,173 income − $3,245 expenses = $1,072 out of pocket

Income$2,173Out of Pocket$1,072Mortgage P&I$2,09997%Property Taxes$44120%Insurance$1406%Management$21710%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,882

Downpayment

20%

$80,840

Closing costs

1%

$4,042

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,173

Total Expenses

$3,245

Mortgage P&I

97%

$2,099

Property Taxes

20%

$441

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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