REI Lense

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$3,260 (target)

5000 Algonquin Blvd, Clarkston, MI 48348

3 beds • 2 baths • 2150 sqft

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This property looks like a bad Mid-Term investment with a projected -6.16% first-year return on $103k initial cash invested.

-6.16%

Cash On Cash

5.05%

Cap Rate

0.81

DSCR

$3,260

Rent

-$528

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,260 income − $3,788 expenses = $528 out of pocket

Income$3,260Out of Pocket$528Mortgage P&I$2,09964%Property Taxes$44114%Insurance$1404%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35911%

Investment Breakdown

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Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,840

Closing costs

1%

$4,042

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,260

Total Expenses

$3,788

Mortgage P&I

64%

$2,099

Property Taxes

14%

$441

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$359

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