REI Lense

REI Lense

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$2,344 (target)

5067 Algonquin Blvd, Clarkston, MI 48348

3 beds • 2 baths • 1884 sqft

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This property looks like a bad Long-Term investment with a projected -3.69% first-year return on $64,470 initial cash invested.

-3.69%

Cash On Cash

5.62%

Cap Rate

0.95

DSCR

$2,344

Rent

-$198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,344 income − $2,542 expenses = $198 out of pocket

Income$2,344Out of Pocket$198Mortgage P&I$1,51865%Property Taxes$28412%Insurance$1316%Management$23410%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,470

Downpayment

20%

$61,400

Closing costs

1%

$3,070

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,344

Total Expenses

$2,542

Mortgage P&I

65%

$1,518

Property Taxes

12%

$284

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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