REI Lense

REI Lense

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$2,162 (target)

548 Oakland St, Lake Orion, MI 48362

3 beds • 2 baths • 1378 sqft

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This property looks like a bad Long-Term investment with a projected -1.97% first-year return on $55,965 initial cash invested.

-1.97%

Cash On Cash

6.11%

Cap Rate

1.01

DSCR

$2,162

Rent

-$92

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,162 income − $2,254 expenses = $92 out of pocket

Income$2,162Out of Pocket$92Mortgage P&I$1,34262%Property Taxes$25512%Insurance$954%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,965

Downpayment

20%

$53,300

Closing costs

1%

$2,665

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,162

Total Expenses

$2,254

Mortgage P&I

62%

$1,342

Property Taxes

12%

$255

Home Insurance

4%

$95

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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