REI Lense

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$3,620 (target)

535 Goldengate St, Lake Orion, MI 48362

3 beds • 3 baths • 2304 sqft

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This property looks like a bad Mid-Term investment with a projected -2.57% first-year return on $100k initial cash invested.

-2.57%

Cash On Cash

6.05%

Cap Rate

0.97

DSCR

$3,620

Rent

-$215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,620 income − $3,835 expenses = $215 out of pocket

Income$3,620Out of Pocket$215Mortgage P&I$2,04456%Property Taxes$42012%Insurance$1404%Management$43412%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$39811%

Investment Breakdown

|

Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,320

Closing costs

1%

$3,916

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,620

Total Expenses

$3,835

Mortgage P&I

56%

$2,044

Property Taxes

12%

$420

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$434

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$398

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