REI Lense

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$3,243 (target)

548 Oakland St, Lake Orion, MI 48362

3 beds • 2 baths • 1378 sqft

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This property might be a fair Mid-Term investment with a projected 7.27% first-year return on $73,965 initial cash invested.

7.27%

Cash On Cash

8.65%

Cap Rate

1.43

DSCR

$3,243

Rent

$448

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,243 income − $2,795 expenses = $448 cash flow

Income$3,243Mortgage P&I$1,34241%Property Taxes$2558%Insurance$953%Management$38912%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35711%Cash Flow$448

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,965

Downpayment

20%

$53,300

Closing costs

1%

$2,665

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,243

Total Expenses

$2,795

Mortgage P&I

41%

$1,342

Property Taxes

8%

$255

Home Insurance

3%

$95

HOA

0%

$0

Property Management

12%

$389

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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